Jacobs Levy Equity Management Inc. Buys Shares of 29,579 Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Jacobs Levy Equity Management Inc. acquired a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,579 shares of the software maker's stock, valued at approximately $1,798,000. Jacobs Levy Equity Management Inc. owned 0.06% of Alarm.com at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. lifted its position in Alarm.com by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker's stock valued at $16,130,000 after acquiring an additional 11,531 shares during the period. Atomi Financial Group Inc. purchased a new position in shares of Alarm.com during the fourth quarter valued at approximately $259,000. KBC Group NV lifted its holdings in shares of Alarm.com by 47.9% during the fourth quarter. KBC Group NV now owns 1,920 shares of the software maker's stock valued at $117,000 after purchasing an additional 622 shares during the last quarter. Barclays PLC boosted its position in shares of Alarm.com by 323.2% in the 3rd quarter. Barclays PLC now owns 91,402 shares of the software maker's stock worth $4,997,000 after purchasing an additional 69,804 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Alarm.com by 2.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker's stock worth $23,786,000 after buying an additional 9,935 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays lowered their price objective on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Raymond James dropped 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 research note on Friday, May 9th. Finally, The Goldman Sachs Group reduced their price objective on shares of 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 assigned 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 presently has a consensus rating of "Moderate Buy" and an average price target of $64.33.

Insider Buying and Selling

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

Alarm.com Stock Performance

Shares of NASDAQ:ALRM traded down $0.58 during midday trading on Wednesday, reaching $58.18. 43,987 shares of the company's stock traded hands, compared to its average volume of 422,289. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $71.98. The stock has a 50 day moving average of $54.63 and a 200 day moving average of $59.30. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 3.59 and a beta of 1.02. 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 posted its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The company had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. As a group, equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal 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.