Janus Henderson Group PLC Increases Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Janus Henderson Group PLC raised its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 26.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 137,174 shares of the software maker's stock after buying an additional 28,510 shares during the quarter. Janus Henderson Group PLC owned 0.28% of Alarm.com worth $8,341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ALRM. Summit Investment Advisors Inc. raised its holdings in shares of Alarm.com by 3.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker's stock worth $301,000 after acquiring an additional 172 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Alarm.com by 8.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker's stock worth $162,000 after buying an additional 200 shares during the last quarter. MetLife Investment Management LLC raised its stake in Alarm.com by 1.0% in the 4th quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker's stock valued at $1,710,000 after acquiring an additional 281 shares during the period. Quarry LP raised its holdings 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 acquiring an additional 303 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Alarm.com by 0.3% during the 4th quarter. Legal & General Group Plc now owns 139,290 shares of the software maker's stock worth $8,469,000 after purchasing an additional 401 shares in the last quarter. 91.74% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Daniel Kerzner sold 932 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the sale, the insider now directly owns 58,736 shares in the company, valued at approximately $3,259,260.64. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steve Valenzuela sold 3,436 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. This represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,511 shares of company stock valued at $1,329,787 in the last 90 days. 5.80% of the stock is currently owned by insiders.

Alarm.com Stock Down 0.6%

Shares of ALRM traded down $0.37 during mid-day trading on Thursday, reaching $57.31. The company had a trading volume of 259,422 shares, compared to its average volume of 423,268. Alarm.com Holdings, Inc. has a 52 week low of $48.23 and a 52 week high of $71.98. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. The firm has a 50-day moving average price of $54.62 and a 200 day moving average price of $59.29. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $242.24 million for the quarter, compared to analysts' expectations of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. On average, sell-side analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ALRM. Raymond James lowered 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. Barclays decreased their target price 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. Finally, The Goldman Sachs Group dropped their price target on Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.