517 Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Purchased by GAMMA Investing LLC

GAMMA Investing LLC bought a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 517 shares of the software maker’s stock, valued at approximately $31,000.

Several other large investors have also modified their holdings of ALRM. FMR LLC boosted its stake in shares of Alarm.com by 18,200.6% during the third quarter. FMR LLC now owns 312,391 shares of the software maker’s stock valued at $19,100,000 after purchasing an additional 310,684 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Alarm.com in the 3rd quarter valued at $14,285,000. Assenagon Asset Management S.A. boosted its position in Alarm.com by 383.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 165,031 shares of the software maker’s stock valued at $10,664,000 after purchasing an additional 130,901 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Alarm.com during the fourth quarter valued at about $65,980,000. Finally, Richard Bernstein Advisors LLC purchased a new position in Alarm.com in the third quarter valued at about $5,431,000. Institutional investors own 91.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Alarm.com from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. StockNews.com upgraded shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. TheStreet raised Alarm.com from a “c+” rating to a “b-” rating in a research report on Friday, February 23rd. Finally, Barclays raised their price objective on Alarm.com from $66.00 to $78.00 and gave the stock 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 issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $68.83.

Insider Buying and Selling

In other Alarm.com news, 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 transaction of $1,989,741.34. Following the completion of the sale, the insider now directly owns 57,351 shares in the company, valued at approximately $4,013,422.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Stephen Trundle sold 50,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $73.80, for a total value of $3,690,000.00. Following the sale, the chief executive officer now owns 1,289,343 shares in the company, valued at $95,153,513.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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. In the last quarter, insiders have sold 111,532 shares of company stock worth $8,116,333. 5.60% of the stock is owned by company insiders.

Alarm.com Price Performance

Shares of ALRM opened at $68.27 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.46 and a quick ratio of 4.91. The company’s fifty day moving average price is $70.64 and its 200-day moving average price is $63.81. 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 capitalization of $3.43 billion, a PE ratio of 44.62, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share 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 firm had revenue of $226.20 million for the quarter, compared to analysts’ expectations of $224.93 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities research analysts predict that Alarm.com Holdings, Inc. will post 1.39 EPS for the current year.

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.