Lazard Asset Management LLC Boosts Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Lazard Asset Management LLC boosted its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 170.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,417 shares of the software maker's stock after buying an additional 41,231 shares during the quarter. Lazard Asset Management LLC owned approximately 0.13% of Alarm.com worth $3,977,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Barclays PLC increased its position in Alarm.com by 323.2% in the 3rd quarter. Barclays PLC now owns 91,402 shares of the software maker's stock valued at $4,997,000 after buying an additional 69,804 shares in the last quarter. Assenagon Asset Management S.A. increased its position in 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 valued at $23,786,000 after buying an additional 9,935 shares in the last quarter. Argent Capital Management LLC increased its position in Alarm.com by 38.6% in the 4th quarter. Argent Capital Management LLC now owns 7,096 shares of the software maker's stock valued at $431,000 after buying an additional 1,975 shares in the last quarter. Avanza Fonder AB bought a new stake in Alarm.com during the 4th quarter worth approximately $120,000. Finally, Atomi Financial Group Inc. bought a new stake in Alarm.com during the 4th quarter worth approximately $259,000. 91.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ALRM shares. Barclays reduced 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. The Goldman Sachs Group decreased their target price on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, Raymond James decreased their target price on 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.33.

Alarm.com Price Performance

NASDAQ:ALRM traded down $0.23 on Tuesday, reaching $58.72. 114,499 shares of the company's stock traded hands, compared to its average volume of 422,601. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The stock has a 50-day simple moving average of $54.62 and a 200-day simple moving average of $59.30. The firm has a market cap of $2.92 billion, a PE ratio of 25.56, a P/E/G 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.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Equities research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Insider Activity at Alarm.com

In other news, CFO Steve Valenzuela sold 3,436 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the transaction, the chief financial officer now directly owns 37,500 shares of the company's stock, valued at approximately $2,191,875. This represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel Kerzner sold 932 shares of the company's 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 transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 22,511 shares of company stock worth $1,329,787. Company insiders own 5.80% of the company's stock.

Alarm.com 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.