Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Acquired by Swiss National Bank

Swiss National Bank raised its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRMGet Rating) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,000 shares of the software maker’s stock after purchasing an additional 1,200 shares during the quarter. Swiss National Bank owned about 0.23% of Alarm.com worth $5,641,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Arcus Capital Partners LLC purchased a new stake in shares of Alarm.com in the 4th quarter valued at $30,000. Bessemer Group Inc. boosted its holdings in Alarm.com by 116.4% during the third quarter. Bessemer Group Inc. now owns 632 shares of the software maker’s stock worth $41,000 after buying an additional 340 shares in the last quarter. National Bank of Canada FI boosted its holdings in Alarm.com by 26.1% during the fourth quarter. National Bank of Canada FI now owns 1,136 shares of the software maker’s stock worth $56,000 after buying an additional 235 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Alarm.com by 22.5% during the third quarter. EverSource Wealth Advisors LLC now owns 1,110 shares of the software maker’s stock worth $72,000 after buying an additional 204 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Alarm.com by 1,402.2% during the third quarter. Quadrant Capital Group LLC now owns 1,337 shares of the software maker’s stock worth $87,000 after buying an additional 1,248 shares in the last quarter. Institutional investors and hedge funds own 91.93% of the company’s stock.

Alarm.com Price Performance

Alarm.com stock opened at $51.14 on Friday. Alarm.com Holdings, Inc. has a 12-month low of $44.92 and a 12-month high of $78.99. The stock has a market cap of $2.55 billion, a P/E ratio of 43.34, a PEG ratio of 8.55 and a beta of 1.03. The company has a 50-day moving average price of $48.53 and a 200 day moving average price of $50.59. The company has a current ratio of 5.46, a quick ratio of 4.73 and a debt-to-equity ratio of 0.79.

Alarm.com (NASDAQ:ALRMGet Rating) last released its quarterly earnings data on Wednesday, May 10th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.14. The firm had revenue of $209.72 million during the quarter, compared to analysts’ expectations of $207.28 million. Alarm.com had a net margin of 7.28% and a return on equity of 11.00%. Sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 0.62 earnings per share for the current year.

Insiders Place Their Bets

In other Alarm.com news, CFO Steve Valenzuela sold 1,566 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $48.82, for a total transaction of $76,452.12. Following the completion of the transaction, the chief financial officer now owns 32,693 shares of the company’s stock, valued at $1,596,072.26. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Stephen Trundle sold 4,787 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $49.64, for a total value of $237,626.68. Following the completion of the transaction, the chief executive officer now owns 222,360 shares of the company’s stock, valued at $11,037,950.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Steve Valenzuela sold 1,566 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $48.82, for a total transaction of $76,452.12. Following the completion of the transaction, the chief financial officer now directly owns 32,693 shares of the company’s stock, valued at approximately $1,596,072.26. The disclosure for this sale can be found here. Insiders sold a total of 80,110 shares of company stock valued at $4,004,611 over the last 90 days. 5.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ALRM shares. Maxim Group reduced their price objective on shares of Alarm.com from $75.00 to $70.00 in a research report on Monday, February 27th. Barclays increased their target price on shares of Alarm.com from $52.00 to $54.00 in a research report on Thursday, May 11th. Finally, StockNews.com began coverage on shares of Alarm.com in a research report on Thursday. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.50.

About Alarm.com

(Get Rating)

Alarm.com Holdings, Inc engages in the provision of wireless and web-enabled security system technology. The firm offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions.

Further Reading

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Institutional Ownership by Quarter for Alarm.com (NASDAQ:ALRM)

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