Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Purchased by Algert Global LLC

Algert Global LLC boosted its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 30.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,270 shares of the software maker's stock after buying an additional 57,664 shares during the quarter. Algert Global LLC owned 0.50% of Alarm.com worth $14,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Alarm.com by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker's stock worth $16,130,000 after purchasing an additional 11,531 shares during the period. Atomi Financial Group Inc. purchased a new position in shares of Alarm.com during the fourth quarter valued at $259,000. KBC Group NV raised its holdings in shares of Alarm.com by 47.9% in the fourth quarter. KBC Group NV now owns 1,920 shares of the software maker's stock valued at $117,000 after acquiring an additional 622 shares in the last quarter. Barclays PLC lifted its stake in Alarm.com by 323.2% in the third quarter. Barclays PLC now owns 91,402 shares of the software maker's stock worth $4,997,000 after acquiring an additional 69,804 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Alarm.com by 2.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker's stock worth $23,786,000 after acquiring an additional 9,935 shares in the last quarter. Institutional investors own 91.74% of the company's stock.

Insider Activity

In other news, CFO Steve Valenzuela sold 3,436 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,191,875. This trade represents a 8.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel Kerzner sold 932 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the sale, the insider now owns 58,736 shares in the company, valued at approximately $3,259,260.64. This represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,921 shares of company stock valued at $338,727 over the last ninety days. 5.80% of the stock is currently owned by insiders.

Alarm.com Stock Up 2.0 %

Shares of Alarm.com stock traded up $1.10 during trading on Friday, reaching $56.41. The company's stock had a trading volume of 304,519 shares, compared to its average volume of 419,702. The company has a 50-day simple moving average of $54.57 and a two-hundred day simple moving average of $59.00. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $71.98. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 3.59 and a beta of 1.02. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35.

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

Analyst Upgrades and Downgrades

ALRM has been the subject of several research reports. Barclays lowered their price target on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Raymond James lowered their target price on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a report on Friday. Finally, The Goldman Sachs Group cut their price target on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $64.33.

About Alarm.com

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.