US Bancorp DE Buys 6,362 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

US Bancorp DE grew its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 99.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,761 shares of the software maker's stock after acquiring an additional 6,362 shares during the quarter. US Bancorp DE's holdings in Alarm.com were worth $710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Summit Investment Advisors Inc. boosted its stake in Alarm.com by 3.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker's stock valued at $301,000 after purchasing an additional 172 shares during the last quarter. KBC Group NV boosted its stake in Alarm.com by 10.8% during the 1st quarter. KBC Group NV now owns 2,128 shares of the software maker's stock valued at $118,000 after purchasing an additional 208 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in Alarm.com by 1.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 13,865 shares of the software maker's stock valued at $772,000 after purchasing an additional 232 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Alarm.com by 1.0% during the 4th quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker's stock valued at $1,710,000 after purchasing an additional 281 shares during the last quarter. Finally, Quarry LP boosted its stake in Alarm.com by 43.0% during the 4th quarter. Quarry LP now owns 1,008 shares of the software maker's stock valued at $61,000 after purchasing an additional 303 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Jeffrey A. Bedell sold 2,204 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total value of $124,878.64. Following the transaction, the insider directly owned 505,805 shares of the company's stock, valued at approximately $28,658,911.30. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Ramos sold 7,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $57.68, for a total value of $403,760.00. Following the completion of the transaction, the insider directly owned 42,192 shares in the company, valued at approximately $2,433,634.56. This represents a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,577 shares of company stock worth $1,003,121 in the last quarter. Company insiders own 5.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ALRM. Raymond James Financial cut their target price on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a research note on Friday, May 9th. The Goldman Sachs Group dropped their price target on 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, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $64.33.

Alarm.com Stock Performance

Shares of ALRM stock traded down $1.10 on Friday, reaching $55.65. The stock had a trading volume of 55,185 shares, compared to its average volume of 350,101. The stock has a market cap of $2.78 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 3.04 and a beta of 0.97. Alarm.com Holdings, Inc. has a 1 year low of $48.23 and a 1 year high of $70.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.82 and a current ratio of 1.95. The company has a 50 day simple moving average of $56.24 and a 200 day simple moving average of $56.78.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The software maker reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.08. The firm had revenue of $254.31 million for the quarter, compared to the consensus estimate of $243.96 million. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%. The company's revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS. Equities research analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

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.