Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. increased its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 297,276 shares of the software maker's stock after buying an additional 13,647 shares during the quarter. Nomura Holdings Inc. owned 0.60% of Alarm.com worth $18,074,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Summit Investment Advisors Inc. boosted its holdings in shares of Alarm.com by 3.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker's stock worth $301,000 after purchasing an additional 172 shares during the period. Daiwa Securities Group Inc. lifted its position in Alarm.com by 8.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker's stock worth $162,000 after buying an additional 200 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Alarm.com by 1.0% in the fourth quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker's stock valued at $1,710,000 after acquiring an additional 281 shares during the period. Quarry LP grew its holdings in Alarm.com by 43.0% during the 4th 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, Legal & General Group Plc lifted its stake in Alarm.com by 0.3% in the fourth quarter. Legal & General Group Plc now owns 139,290 shares of the software maker's stock worth $8,469,000 after purchasing an additional 401 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.

Insider Buying and Selling

In other news, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel Ramos sold 6,890 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $60.06, for a total value of $413,813.40. Following the sale, the insider now directly owns 38,600 shares of the company's stock, valued at $2,318,316. The trade was a 15.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,511 shares of company stock valued at $1,329,787. Corporate insiders own 5.80% of the company's stock.

Alarm.com Price Performance

Shares of NASDAQ:ALRM traded down $0.25 during trading on Tuesday, reaching $58.71. 65,718 shares of the company's stock traded hands, compared to its average volume of 422,389. The firm has a market cap of $2.92 billion, a PE ratio of 25.67, a P/E/G ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week 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. The company has a 50-day simple moving average of $54.62 and a 200-day simple moving average of $59.30.

Alarm.com (NASDAQ:ALRM - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The company had revenue of $242.24 million for the quarter, compared to analysts' expectations of $237.44 million. As a group, analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ALRM shares. The Goldman Sachs Group reduced their price target on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Barclays reduced their price target on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Finally, Raymond James reduced their price target on 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $64.33.

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.