Mackenzie Financial Corp lowered its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 24.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 15,574 shares of the software maker's stock after selling 5,037 shares during the quarter. Mackenzie Financial Corp's holdings in Alarm.com were worth $867,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its position in Alarm.com by 3.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker's stock valued at $301,000 after acquiring an additional 172 shares during the last quarter. KBC Group NV grew its position in Alarm.com by 10.8% in the 1st quarter. KBC Group NV now owns 2,128 shares of the software maker's stock valued at $118,000 after acquiring an additional 208 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Alarm.com by 1.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 13,865 shares of the software maker's stock valued at $772,000 after acquiring an additional 232 shares during the last quarter. MetLife Investment Management LLC grew its position 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 last quarter. Finally, Quarry LP grew its position in Alarm.com by 43.0% in 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 last quarter. Institutional investors own 91.74% of the company's stock.
Alarm.com Stock Up 0.1%
Shares of NASDAQ ALRM traded up $0.07 during mid-day trading on Friday, reaching $54.41. 695,805 shares of the company were exchanged, compared to its average volume of 299,272. The firm has a 50-day moving average of $56.42 and a 200 day moving average of $56.95. The company has a quick ratio of 2.01, a current ratio of 2.14 and a debt-to-equity ratio of 0.64. Alarm.com Holdings, Inc. has a 1 year low of $48.23 and a 1 year high of $70.06. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 2.91 and a beta of 0.97.
Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The software maker reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.08. Alarm.com had a return on equity of 14.19% and a net margin of 13.27%. The company had revenue of $254.31 million during the quarter, compared to analysts' expectations of $243.96 million. During the same period last year, the business posted $0.58 earnings per share. The firm's revenue was up 8.8% compared to the same quarter last year. On average, research analysts expect that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.
Wall Street Analysts Forecast Growth
ALRM has been the topic of several research analyst reports. 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. Barclays lowered their target price on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Finally, The Goldman Sachs Group lowered their target price 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 analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $64.33.
View Our Latest Stock Analysis on ALRM
Insider Buying and Selling
In other Alarm.com news, insider Daniel Ramos sold 7,000 shares of the stock in a transaction dated 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 sale, the insider directly owned 42,192 shares in the company, valued at approximately $2,433,634.56. This trade represents a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Stephen Trundle sold 3,644 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $56.66, for a total value of $206,469.04. Following the completion of the transaction, the chief executive officer directly owned 268,859 shares in the company, valued at $15,233,550.94. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,167 shares of company stock valued at $1,994,181 in the last 90 days. 5.80% of the stock is owned by insiders.
About Alarm.com
(
Free Report)
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.
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