452,400 Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Purchased by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. acquired a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 452,400 shares of the software maker's stock, valued at approximately $27,506,000. T. Rowe Price Investment Management Inc. owned approximately 0.92% of Alarm.com as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in Alarm.com by 323.2% in the third quarter. Barclays PLC now owns 91,402 shares of the software maker's stock valued at $4,997,000 after acquiring an additional 69,804 shares during the period. GAMMA Investing LLC boosted its stake in Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock valued at $64,000 after purchasing an additional 238 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings 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 worth $23,786,000 after purchasing an additional 9,935 shares in the last quarter. Argent Capital Management LLC raised its position in shares of Alarm.com by 38.6% during the fourth quarter. Argent Capital Management LLC now owns 7,096 shares of the software maker's stock worth $431,000 after purchasing an additional 1,975 shares during the period. Finally, Avanza Fonder AB acquired a new position in shares of Alarm.com in the fourth quarter worth about $120,000. Hedge funds and other institutional investors own 91.74% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on ALRM shares. The Goldman Sachs Group lowered 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. Barclays decreased 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 research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $61.20.

Alarm.com Trading Up 1.0 %

Shares of NASDAQ:ALRM traded up $0.52 during midday trading on Friday, reaching $54.28. The company's stock had a trading volume of 56,237 shares, compared to its average volume of 416,168. 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 firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 3.59 and a beta of 1.03. The firm has a 50 day moving average price of $55.01 and a two-hundred day moving average price of $58.99. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $71.98.

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

Insider Buying and Selling

In related news, insider Daniel Kerzner sold 932 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the transaction, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. This trade represents a 1.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steve Valenzuela sold 3,436 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,191,875. This trade represents a 8.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,921 shares of company stock worth $338,727 over the last ninety days. 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.