Barclays PLC Acquires 11,332 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Barclays PLC lifted its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,734 shares of the software maker's stock after acquiring an additional 11,332 shares during the period. Barclays PLC owned approximately 0.21% of Alarm.com worth $6,247,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in Alarm.com during the fourth quarter worth $25,000. C M Bidwell & Associates Ltd. acquired a new position in Alarm.com during the fourth quarter worth $36,000. Nisa Investment Advisors LLC boosted its holdings in Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock worth $57,000 after purchasing an additional 539 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Alarm.com by 305.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock worth $63,000 after purchasing an additional 779 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Alarm.com by 29.5% during the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock worth $64,000 after purchasing an additional 238 shares during the last quarter. Institutional investors own 91.74% of the company's stock.

Alarm.com Stock Performance

Shares of ALRM stock traded down $0.13 during midday trading on Wednesday, hitting $53.60. 282,279 shares of the company were exchanged, compared to its average volume of 417,526. The firm's 50 day moving average price is $55.14 and its two-hundred day moving average price is $58.99. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The firm has a market capitalization of $2.66 billion, a P/E ratio of 23.41, a PEG ratio of 3.59 and a beta of 1.03. Alarm.com Holdings, Inc. has a 52 week low of $48.23 and a 52 week high of $71.98.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The firm had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. As a group, equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ALRM shares. The Goldman Sachs Group reduced their target price on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Barclays reduced their target price on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $61.20.

Insider Activity

In related news, CEO Stephen Trundle sold 1,553 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $86,175.97. Following the completion of the sale, the chief executive officer now directly owns 251,129 shares in the company, valued at approximately $13,935,148.21. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Steve Valenzuela sold 3,436 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the sale, the chief financial officer now owns 37,500 shares of the company's stock, valued at approximately $2,191,875. This trade represents a 8.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,921 shares of company stock valued at $338,727. 5.60% of the stock is owned by insiders.

Alarm.com Profile

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.