11,254 Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Bought by Mackenzie Financial Corp

Mackenzie Financial Corp bought a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the fourth quarter, HoldingsChannel reports. The firm bought 11,254 shares of the software maker’s stock, valued at approximately $727,000.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Alarm.com by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 469,746 shares of the software maker’s stock worth $28,720,000 after purchasing an additional 27,243 shares in the last quarter. Algert Global LLC lifted its holdings in shares of Alarm.com by 22.2% in the 3rd quarter. Algert Global LLC now owns 147,301 shares of the software maker’s stock worth $9,006,000 after purchasing an additional 26,799 shares in the last quarter. Pathstone Family Office LLC lifted its holdings in shares of Alarm.com by 184.2% in the 3rd quarter. Pathstone Family Office LLC now owns 14,266 shares of the software maker’s stock worth $881,000 after purchasing an additional 9,247 shares in the last quarter. Richard Bernstein Advisors LLC bought a new position in shares of Alarm.com in the 3rd quarter worth $5,431,000. Finally, FMR LLC lifted its holdings in shares of Alarm.com by 18,200.6% in the 3rd quarter. FMR LLC now owns 312,391 shares of the software maker’s stock worth $19,100,000 after purchasing an additional 310,684 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Daniel Kerzner sold 28,433 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the completion of the transaction, the insider now owns 57,351 shares in the company, valued at approximately $4,013,422.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Daniel Kerzner sold 28,433 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the completion of the transaction, the insider now owns 57,351 shares in the company, valued at approximately $4,013,422.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel Ramos sold 8,250 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.44, for a total value of $614,130.00. Following the transaction, the insider now owns 39,700 shares of the company’s stock, valued at approximately $2,955,268. The disclosure for this sale can be found here. Insiders sold a total of 111,532 shares of company stock valued at $8,116,333 in the last ninety days. 5.60% of the stock is currently owned by insiders.

Alarm.com Trading Down 0.9 %

Shares of Alarm.com stock opened at $65.23 on Friday. Alarm.com Holdings, Inc. has a 1 year low of $44.92 and a 1 year high of $77.29. The firm has a market cap of $3.26 billion, a PE ratio of 42.63, a P/E/G ratio of 3.75 and a beta of 0.94. The stock has a fifty day moving average price of $71.11 and a 200-day moving average price of $63.37. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.46 and a quick ratio of 4.91.

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

Wall Street Analyst Weigh In

ALRM has been the subject of a number of analyst reports. 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 report on Friday, February 23rd. StockNews.com raised Alarm.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. 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 report on Wednesday, January 3rd. 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 report on Friday, February 23rd. Finally, TheStreet raised Alarm.com from a “c+” rating to a “b-” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company 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.