International Assets Investment Management LLC Buys New Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

International Assets Investment Management LLC bought a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 102,100 shares of the software maker's stock, valued at approximately $65,980,000. International Assets Investment Management LLC owned 0.20% of Alarm.com as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Operose Advisors LLC acquired a new stake in Alarm.com during the 3rd quarter worth approximately $26,000. Signaturefd LLC raised its holdings in Alarm.com by 474.7% during the 3rd quarter. Signaturefd LLC now owns 500 shares of the software maker's stock worth $31,000 after buying an additional 413 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Alarm.com in the fourth quarter valued at approximately $39,000. Strs Ohio raised its holdings in shares of Alarm.com by 500.0% in the third quarter. Strs Ohio now owns 1,800 shares of the software maker's stock valued at $110,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Alarm.com by 8,213.3% in the third quarter. Larson Financial Group LLC now owns 2,494 shares of the software maker's stock valued at $152,000 after purchasing an additional 2,464 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Stock Performance

ALRM stock traded up $0.52 during midday trading on Friday, reaching $68.27. 244,845 shares of the company were exchanged, compared to its average volume of 248,758. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.46 and a quick ratio of 4.91. The business has a 50-day moving average price of $70.64 and a two-hundred day moving average price of $63.71. Alarm.com Holdings, Inc. has a one year low of $44.92 and a one year high of $77.29. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 44.62, a price-to-earnings-growth ratio of 3.80 and a beta of 0.94.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). Alarm.com had a net margin of 9.19% and a return on equity of 11.61%. The company had revenue of $226.20 million during the quarter, compared to analyst estimates of $224.93 million. During the same period last year, the firm earned $0.33 EPS. The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. Equities research analysts forecast that Alarm.com Holdings, Inc. will post 1.39 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ALRM shares. TheStreet upgraded shares of Alarm.com from a "c+" rating to a "b-" rating in a report on Friday, February 23rd. Barclays lifted their price objective on shares of Alarm.com from $66.00 to $78.00 and gave the company an "equal weight" rating in a report on Friday, February 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Alarm.com from $62.00 to $70.00 and gave the company a "neutral" rating in a report on Friday, February 23rd. Finally, StockNews.com raised shares of Alarm.com from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Alarm.com currently has an average rating of "Buy" and an average price target of $68.83.

Insiders Place Their Bets

In other news, insider Daniel Kerzner sold 28,433 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the transaction, the insider now directly owns 57,351 shares of the company's stock, valued at $4,013,422.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Alarm.com news, insider Daniel Kerzner sold 28,433 shares of the company's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $69.98, for a total value of $1,989,741.34. Following the completion of the transaction, the insider now owns 57,351 shares in the company, valued at approximately $4,013,422.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Ramos sold 8,250 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $74.44, for a total value of $614,130.00. Following the completion of the transaction, the insider now owns 39,700 shares of the company's stock, valued at approximately $2,955,268. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,532 shares of company stock worth $8,116,333. 5.60% of the stock is owned by corporate insiders.

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.