Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can increased its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 342,504 shares of the software maker's stock after acquiring an additional 19,371 shares during the period. Bank of Montreal Can owned about 0.69% of Alarm.com worth $20,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. grew its position in shares of Alarm.com by 8.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker's stock valued at $162,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC raised its position in shares of Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock valued at $64,000 after buying an additional 238 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Alarm.com during the 4th quarter worth approximately $25,000. Nicolet Advisory Services LLC lifted its stake in Alarm.com by 8.7% during the 4th quarter. Nicolet Advisory Services LLC now owns 5,190 shares of the software maker's stock worth $309,000 after acquiring an additional 415 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays reduced their price target on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday. StockNews.com raised Alarm.com from a "hold" rating to a "buy" rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Alarm.com has a consensus rating of "Hold" and a consensus price target of $63.00.

Alarm.com Price Performance

Shares of NASDAQ ALRM traded down $0.01 during midday trading on Thursday, hitting $50.60. The company had a trading volume of 61,868 shares, compared to its average volume of 412,331. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $71.98. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. The business has a 50-day simple moving average of $57.18 and a two-hundred day simple moving average of $59.08.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its 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 for the quarter, compared to analysts' expectations of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. Equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Insider Buying and Selling

In other Alarm.com news, insider Daniel Kerzner sold 932 shares of the 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 of the company's stock, valued at $3,259,260.64. This trade represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steve Valenzuela sold 3,436 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total value of $200,834.20. Following the sale, the chief financial officer now owns 37,500 shares of the company's stock, valued at $2,191,875. This represents a 8.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,921 shares of company stock worth $338,727. 5.60% of the stock is owned by corporate 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.