Dark Forest Capital Management LP Purchases Shares of 8,755 Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Dark Forest Capital Management LP bought a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,755 shares of the software maker's stock, valued at approximately $532,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Alarm.com during the fourth quarter worth approximately $25,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Alarm.com in the 4th quarter valued at $36,000. Nisa Investment Advisors LLC grew its position in shares of Alarm.com by 134.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock valued at $57,000 after buying an additional 539 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Alarm.com by 305.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock worth $63,000 after acquiring an additional 779 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Alarm.com by 29.5% in the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock valued at $64,000 after acquiring an additional 238 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Stock Performance

Shares of ALRM stock traded up $0.10 during trading hours on Thursday, reaching $53.70. 69,363 shares of the company's stock were exchanged, compared to its average volume of 416,196. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The company's 50 day moving average is $55.14 and its two-hundred day moving average is $58.99. The company has a market cap of $2.67 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. Alarm.com Holdings, Inc. has a 1 year low of $48.23 and a 1 year high of $71.98.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing analysts' consensus estimates 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 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 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ALRM. Barclays cut their target price on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group decreased their price objective on Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Alarm.com has a consensus rating of "Hold" and a consensus price target of $61.20.

Insider Buying and Selling at Alarm.com

In related news, insider Daniel Kerzner sold 932 shares of Alarm.com stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the transaction, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. The trade was a 1.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen Trundle sold 1,553 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were 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 owns 251,129 shares in the company, valued at $13,935,148.21. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,921 shares of company stock valued at $338,727. Corporate insiders own 5.60% of the company's stock.

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.