Jefferies Financial Group Inc. Has $7.08 Million Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Jefferies Financial Group Inc. raised its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 818.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,452 shares of the software maker's stock after purchasing an additional 103,777 shares during the period. Jefferies Financial Group Inc. owned 0.24% of Alarm.com worth $7,080,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Alarm.com during the fourth quarter worth approximately $25,000. C M Bidwell & Associates Ltd. acquired a new position in Alarm.com during the 4th quarter worth $36,000. Nisa Investment Advisors LLC grew its holdings in Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock worth $57,000 after acquiring an additional 539 shares in the last quarter. Quarry LP lifted its position 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 buying an additional 303 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Alarm.com by 305.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock worth $63,000 after buying an additional 779 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

Insiders Place Their Bets

In other news, insider Daniel Ramos sold 6,890 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $60.06, for a total transaction of $413,813.40. Following the completion of the transaction, the insider now owns 38,600 shares of the company's stock, valued at approximately $2,318,316. This represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Kerzner sold 932 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68. Following the transaction, the insider now directly owns 58,736 shares of the company's stock, valued at $3,259,260.64. This represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,511 shares of company stock valued at $1,329,787 in the last quarter. Insiders own 5.80% of the company's stock.

Alarm.com Stock Up 1.6%

Shares of NASDAQ:ALRM traded up $0.93 during trading on Friday, reaching $59.64. 534,327 shares of the company traded hands, compared to its average volume of 424,405. The firm has a fifty day simple moving average of $54.62 and a 200 day simple moving average of $59.22. The firm has a market cap of $2.97 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $71.98. The company has a quick ratio of 7.38, a current ratio of 7.85 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 analysts' consensus estimates of $0.53 by ($0.06). The business had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. Analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on ALRM shares. Barclays dropped their price target 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. Raymond James decreased 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 report on Friday, May 9th. Finally, The Goldman Sachs Group decreased 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 given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Alarm.com presently 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.