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

Lazard Asset Management LLC increased its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 170.5% during the fourth quarter, according to its most recent filing with the SEC. The fund 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 0.13% of Alarm.com worth $3,977,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALRM. SBI Securities Co. Ltd. purchased a new stake in Alarm.com during the fourth quarter valued at about $25,000. C M Bidwell & Associates Ltd. purchased a new stake in Alarm.com during the fourth quarter valued at about $36,000. Nisa Investment Advisors LLC lifted its holdings in Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock valued at $57,000 after purchasing an additional 539 shares during the last quarter. Quarry LP lifted its holdings in Alarm.com by 43.0% during the fourth quarter. Quarry LP now owns 1,008 shares of the software maker's stock valued at $61,000 after purchasing an additional 303 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Alarm.com by 305.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock valued at $63,000 after purchasing an additional 779 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Price Performance

Shares of ALRM traded down $0.58 during midday trading on Wednesday, hitting $58.18. 43,987 shares of the company traded hands, compared to its average volume of 422,289. The stock has a 50-day moving average of $54.63 and a 200-day moving average of $59.30. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $71.98. The firm has a market cap of $2.89 billion, a P/E ratio of 25.38, a PEG ratio of 3.59 and a beta of 1.02. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38.

Alarm.com (NASDAQ:ALRM - Get Free Report) last announced its quarterly earnings results 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). 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, sell-side analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on ALRM shares. Barclays dropped their price objective on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group dropped their price objective on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Raymond James dropped their price objective on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a report on Friday, May 9th. One 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $64.33.

Insider Buying and Selling

In related news, CEO Stephen Trundle sold 1,553 shares of the company'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 value of $86,175.97. Following the transaction, the chief executive officer now directly owns 251,129 shares in the company, valued at approximately $13,935,148.21. This represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the transaction, the insider now owns 58,736 shares in the company, valued at approximately $3,259,260.64. This trade represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,511 shares of company stock worth $1,329,787. 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.