Canada Pension Plan Investment Board Has $2.52 Million Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Canada Pension Plan Investment Board grew its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 2,335.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 41,400 shares of the software maker's stock after purchasing an additional 39,700 shares during the quarter. Canada Pension Plan Investment Board owned 0.08% of Alarm.com worth $2,517,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake 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 valued at $16,130,000 after purchasing an additional 11,531 shares during the period. Atomi Financial Group Inc. acquired a new position in Alarm.com during the fourth quarter valued at $259,000. KBC Group NV lifted its stake in Alarm.com by 47.9% in the 4th quarter. KBC Group NV now owns 1,920 shares of the software maker's stock worth $117,000 after acquiring an additional 622 shares in the last quarter. Barclays PLC boosted its position in Alarm.com by 323.2% during the 3rd 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 stake 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 valued at $23,786,000 after acquiring an additional 9,935 shares in the last quarter. Institutional investors own 91.74% of the company's stock.

Alarm.com Stock Up 0.8 %

Shares of ALRM traded up $0.40 during mid-day trading on Monday, hitting $53.44. 244,273 shares of the company's stock were exchanged, compared to its average volume of 418,515. The firm has a fifty day moving average of $55.39 and a two-hundred day moving average of $59.07. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $71.98. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 3.59 and a beta of 1.03. 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 posted its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. On average, sell-side analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Insider Activity at Alarm.com

In other Alarm.com news, insider Daniel Kerzner sold 932 shares of the stock in a transaction 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 directly owns 58,736 shares of the company's stock, valued at $3,259,260.64. This represents a 1.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total transaction of $200,834.20. Following the completion of the sale, the chief financial officer now directly 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. In the last three months, insiders have sold 5,921 shares of company stock worth $338,727. 5.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ALRM shares. Barclays dropped their price objective on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group dropped their price objective on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. One 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. Based on data from MarketBeat.com, Alarm.com presently has a consensus rating of "Hold" and an average price target of $61.20.

Alarm.com Company 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.