Northern Trust Corp Purchases 10,674 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Northern Trust Corp lifted its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 704,309 shares of the software maker's stock after purchasing an additional 10,674 shares during the quarter. Northern Trust Corp owned approximately 1.42% of Alarm.com worth $42,822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ALRM. Principal Financial Group Inc. increased its holdings in Alarm.com by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker's stock valued at $16,130,000 after purchasing an additional 11,531 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Alarm.com in the 4th quarter valued at $259,000. KBC Group NV increased its stake in shares of Alarm.com by 47.9% in the 4th quarter. KBC Group NV now owns 1,920 shares of the software maker's stock valued at $117,000 after buying an additional 622 shares during the period. Barclays PLC increased its stake in shares of 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 during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of 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 during the period. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Stock Up 7.0%

NASDAQ ALRM traded up $3.93 during trading hours on Monday, hitting $59.97. 605,770 shares of the company traded hands, compared to its average volume of 421,170. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $71.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The business's 50-day moving average is $54.52 and its 200-day moving average is $59.08. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 3.59 and a beta of 1.02.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) 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 business had revenue of $242.24 million during the quarter, compared to the consensus estimate of $237.44 million. Sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Insider Activity

In other Alarm.com 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 completion of the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,191,875. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen Trundle sold 1,553 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 $86,175.97. Following the sale, the chief executive officer now owns 251,129 shares of the company's stock, valued at $13,935,148.21. The trade was a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,921 shares of company stock valued at $338,727. 5.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays decreased their price objective on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Raymond James reduced their target price on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a report on Friday. Finally, The Goldman Sachs Group reduced their target price on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.33.

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.