Janus Henderson Group PLC Boosts Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Janus Henderson Group PLC boosted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 26.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,174 shares of the software maker's stock after purchasing an additional 28,510 shares during the period. Janus Henderson Group PLC owned about 0.28% of Alarm.com worth $8,341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ALRM. SBI Securities Co. Ltd. bought a new stake in shares of Alarm.com during the 4th quarter valued at about $25,000. C M Bidwell & Associates Ltd. bought a new position in shares of Alarm.com in the 4th quarter worth $36,000. Nisa Investment Advisors LLC raised its holdings in 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 buying an additional 539 shares during the last quarter. Quarry LP raised its holdings in shares of Alarm.com by 43.0% in the 4th quarter. Quarry LP now owns 1,008 shares of the software maker's stock worth $61,000 after acquiring an additional 303 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings 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 purchasing an additional 779 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

Wall Street Analyst Weigh In

ALRM has been the topic of several analyst reports. The Goldman Sachs Group cut their price target on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Barclays cut their price objective 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. Finally, Raymond James cut their price target on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alarm.com presently has a consensus rating of "Moderate Buy" and an average target price of $64.33.

Insider Buying and Selling

In other news, insider Daniel Ramos sold 6,890 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $60.06, for a total transaction of $413,813.40. Following the sale, the insider now owns 38,600 shares in the company, valued at approximately $2,318,316. This trade represents a 15.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Stephen Trundle sold 1,553 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 $86,175.97. Following the completion of the transaction, the chief executive officer now directly owns 251,129 shares in the company, valued at approximately $13,935,148.21. This represents a 0.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,511 shares of company stock worth $1,329,787 over the last ninety days. 5.80% of the stock is owned by corporate insiders.

Alarm.com Price Performance

Shares of ALRM stock traded down $0.44 during trading hours on Friday, reaching $56.50. The stock had a trading volume of 227,299 shares, compared to its average volume of 424,324. The stock's fifty day simple moving average is $54.55 and its 200 day simple moving average is $59.31. The firm has a market capitalization of $2.81 billion, a PE ratio of 24.67, a PEG ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a 12 month low of $48.23 and a 12 month high of $71.98. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly 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). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The firm had revenue of $242.24 million during the quarter, compared to the consensus estimate of $237.44 million. On average, equities research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

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.