Rhumbline Advisers Boosts Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Rhumbline Advisers raised its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 4.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 142,038 shares of the software maker’s stock after acquiring an additional 6,672 shares during the period. Rhumbline Advisers owned approximately 0.28% of Alarm.com worth $7,142,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ALRM. Norges Bank purchased a new stake in Alarm.com during the fourth quarter valued at about $24,722,000. Marshall Wace LLP grew its position in Alarm.com by 1,221.4% during the fourth quarter. Marshall Wace LLP now owns 98,196 shares of the software maker’s stock valued at $4,859,000 after acquiring an additional 90,765 shares during the period. Thematics Asset Management purchased a new stake in Alarm.com during the fourth quarter valued at about $4,146,000. Renaissance Technologies LLC boosted its position in shares of Alarm.com by 101.4% in the first quarter. Renaissance Technologies LLC now owns 118,000 shares of the software maker’s stock worth $7,842,000 after buying an additional 59,400 shares during the period. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Alarm.com in the fourth quarter worth about $2,460,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ALRM shares. StockNews.com started coverage on Alarm.com in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Northland Securities upped their target price on Alarm.com from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Barclays upped their target price on Alarm.com from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. MKM Partners upped their target price on Alarm.com from $59.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Raymond James upped their target price on Alarm.com from $65.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $65.17.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $58.48, for a total transaction of $292,400.00. Following the sale, the chief financial officer now owns 40,193 shares in the company, valued at $2,350,486.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Alarm.com news, insider Daniel Ramos sold 8,735 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $59.78, for a total transaction of $522,178.30. Following the sale, the insider now owns 40,495 shares in the company, valued at $2,420,791.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Steve Valenzuela sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $58.48, for a total value of $292,400.00. Following the transaction, the chief financial officer now directly owns 40,193 shares of the company’s stock, valued at $2,350,486.64. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Alarm.com Trading Down 1.7 %

NASDAQ:ALRM opened at $58.47 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.70 and a current ratio of 5.41. Alarm.com Holdings, Inc. has a one year low of $44.92 and a one year high of $71.85. The business’s 50-day simple moving average is $54.85 and its 200 day simple moving average is $51.37. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results on Wednesday, August 9th. The software maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.16 by $0.17. Alarm.com had a return on equity of 10.70% and a net margin of 7.77%. The business had revenue of $223.88 million for the quarter, compared to analysts’ expectations of $214.75 million. As a group, sell-side analysts predict that Alarm.com Holdings, Inc. will post 0.91 earnings per share for the current fiscal year.

About Alarm.com

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 in 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 escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.