SG Americas Securities LLC Acquires Shares of 2,938 Alarm.com Holdings, Inc. (NASDAQ:ALRM)

SG Americas Securities LLC bought a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,938 shares of the software maker’s stock, valued at approximately $190,000.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Alarm.com by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,824,656 shares of the software maker’s stock worth $356,119,000 after purchasing an additional 62,262 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Alarm.com by 0.3% during the 3rd quarter. William Blair Investment Management LLC now owns 2,535,196 shares of the software maker’s stock worth $155,002,000 after purchasing an additional 7,478 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Alarm.com by 5.3% during the 1st quarter. Geode Capital Management LLC now owns 958,881 shares of the software maker’s stock worth $48,213,000 after purchasing an additional 48,348 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Alarm.com by 1.5% during the 3rd quarter. Northern Trust Corp now owns 706,274 shares of the software maker’s stock worth $43,182,000 after purchasing an additional 10,245 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Alarm.com during the 4th quarter worth $24,722,000. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Alarm.com Stock Down 0.8 %

Shares of ALRM stock opened at $67.82 on Friday. The stock’s 50-day simple moving average is $71.15 and its 200-day simple moving average is $63.11. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.91 and a current ratio of 5.46. The firm has a market capitalization of $3.39 billion, a PE ratio of 44.33, a P/E/G ratio of 3.88 and a beta of 0.94. Alarm.com Holdings, Inc. has a fifty-two week low of $44.92 and a fifty-two week high of $77.29.

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

Analyst Ratings Changes

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

Insider Activity

In related news, CEO Stephen Trundle sold 50,000 shares of Alarm.com stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $73.80, for a total transaction of $3,690,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,289,343 shares in the company, valued at $95,153,513.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Stephen Trundle sold 50,000 shares of Alarm.com stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $73.80, for a total transaction of $3,690,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,289,343 shares in the company, valued at $95,153,513.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Kerzner sold 28,433 shares of Alarm.com 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 of the company’s stock, valued at $4,013,422.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 111,532 shares of company stock valued at $8,116,333. Company insiders own 5.60% of the company’s stock.

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 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.