Connor Clark & Lunn Investment Management Ltd. Has $14.10 Million Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its holdings in Alarm.com Holdings, Inc. by 15.4% during the first quarter, now owning approximately 253,361 shares valued at $14.1 million.
• Alarm.com recently reported $0.60 earnings per share for the last quarter, exceeding analyst estimates of $0.52, with a year-over-year revenue increase of 8.8%.
• Insider trading activity includes notable sales, with Daniel Ramos and Jeffrey A. Bedell selling shares, which reduced their holdings by 14.23% and 0.43%, respectively.

Connor Clark & Lunn Investment Management Ltd. boosted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 15.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,361 shares of the software maker's stock after purchasing an additional 33,905 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.51% of Alarm.com worth $14,100,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in shares of Alarm.com by 304.6% during the first quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock worth $39,000 after purchasing an additional 533 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Alarm.com by 235.5% in the first quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock valued at $51,000 after acquiring an additional 643 shares during the last quarter. Quarry LP boosted its holdings in Alarm.com by 43.0% in the fourth quarter. Quarry LP now owns 1,008 shares of the software maker's stock valued at $61,000 after acquiring an additional 303 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Alarm.com by 87.9% in the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock valued at $109,000 after acquiring an additional 919 shares during the last quarter. Finally, CWM LLC boosted its holdings in Alarm.com by 95.5% in the first quarter. CWM LLC now owns 2,031 shares of the software maker's stock valued at $113,000 after acquiring an additional 992 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Price Performance

ALRM traded down $0.78 during trading on Friday, reaching $55.97. The stock had a trading volume of 89,707 shares, compared to its average volume of 350,317. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 3.04 and a beta of 0.97. The company has a quick ratio of 1.82, a current ratio of 1.95 and a debt-to-equity ratio of 0.61. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $70.06. The stock has a 50 day moving average of $56.24 and a two-hundred day moving average of $56.78.

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

Insider Buying and Selling at Alarm.com

In other news, CFO Kevin Christopher Bradley sold 754 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $56.75, for a total transaction of $42,789.50. Following the transaction, the chief financial officer directly owned 53,056 shares in the company, valued at $3,010,928. The trade was a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel Kerzner sold 2,213 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total transaction of $125,388.58. Following the completion of the sale, the insider owned 72,004 shares of the company's stock, valued at $4,079,746.64. This represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,577 shares of company stock worth $1,003,121 over the last 90 days. 5.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on ALRM. Raymond James Financial cut their price objective on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a research report on Friday, May 9th. The Goldman Sachs Group cut their price objective on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.