3,460 Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Bought by Wealth Alliance

Wealth Alliance bought a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,460 shares of the software maker’s stock, valued at approximately $224,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Operose Advisors LLC bought a new position in Alarm.com in the 3rd quarter worth $26,000. Signaturefd LLC raised its holdings in Alarm.com by 474.7% in the 3rd quarter. Signaturefd LLC now owns 500 shares of the software maker’s stock worth $31,000 after purchasing an additional 413 shares in the last quarter. Pacer Advisors Inc. bought a new position in Alarm.com in the 4th quarter worth $39,000. Northwestern Mutual Wealth Management Co. bought a new position in Alarm.com in the 4th quarter worth $46,000. Finally, Tower Research Capital LLC TRC raised its holdings in Alarm.com by 422.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,055 shares of the software maker’s stock worth $53,000 after purchasing an additional 853 shares in the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Daniel Kerzner sold 28,433 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the sale, the insider now owns 57,351 shares of the company’s stock, valued at approximately $4,013,422.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Daniel Kerzner sold 28,433 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $69.98, for a total value of $1,989,741.34. Following 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steve Valenzuela sold 9,583 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $73.89, for a total transaction of $708,087.87. Following the completion of the transaction, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,770,875. The disclosure for this sale can be found here. Insiders have sold a total of 111,532 shares of company stock valued at $8,116,333 in the last 90 days. 5.60% of the stock is currently owned by insiders.

Alarm.com Stock Performance

Shares of ALRM stock opened at $64.11 on Friday. Alarm.com Holdings, Inc. has a one year low of $44.92 and a one year high of $77.29. The company’s 50-day moving average is $71.25 and its 200 day moving average is $63.23. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 41.90, a price-to-earnings-growth ratio of 3.65 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.91 and a current ratio of 5.46.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $226.20 million for the quarter, compared to analysts’ expectations of $224.93 million. Alarm.com had a net margin of 9.19% and a return on equity of 11.61%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. Sell-side analysts expect that Alarm.com Holdings, Inc. will post 1.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ALRM shares. StockNews.com raised shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. upped their target price on shares of Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Roth Mkm upped their target price on shares of Alarm.com from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. TheStreet raised shares of Alarm.com from a “c+” rating to a “b-” rating in a research report on Friday, February 23rd. Finally, Barclays increased their price objective on shares of Alarm.com from $66.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $68.83.

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.