Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 214,202 shares of the software maker’s stock after selling 2,948 shares during the period. Fisher Asset Management LLC’s holdings in Alarm.com were worth $13,842,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. FMR LLC boosted its stake in 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. Fuller & Thaler Asset Management Inc. acquired a new stake in Alarm.com during the 3rd quarter worth about $14,285,000. Assenagon Asset Management S.A. grew its stake in Alarm.com by 383.5% during the 4th 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 during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Alarm.com in the fourth quarter valued at about $65,980,000. Finally, Richard Bernstein Advisors LLC purchased a new position in shares of Alarm.com in the third quarter worth about $5,431,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ALRM shares. JPMorgan Chase & Co. raised their price target on shares of Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Barclays raised their target price on shares of Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. TheStreet raised shares of Alarm.com from a “c+” rating to a “b-” rating in a report on Friday, February 23rd. Finally, StockNews.com upgraded Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Alarm.com presently has a consensus rating of “Buy” and an average price target of $68.83.

Alarm.com Trading Up 0.8 %

ALRM opened at $68.27 on Monday. The company has a quick ratio of 4.91, a current ratio of 5.46 and a debt-to-equity ratio of 0.72. The firm has a market cap of $3.43 billion, a P/E ratio of 44.62, a P/E/G ratio of 3.87 and a beta of 0.94. Alarm.com Holdings, Inc. has a 52 week low of $44.92 and a 52 week high of $77.29. The business has a fifty day simple moving average of $70.64 and a 200-day simple moving average of $63.81.

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

Insiders Place Their Bets

In other news, insider Daniel Ramos sold 1,418 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total transaction of $99,260.00. Following the sale, the insider now owns 38,282 shares of the company’s stock, valued at $2,679,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alarm.com news, CFO Steve Valenzuela sold 1,716 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total transaction of $120,120.00. Following the completion of the transaction, the chief financial officer now owns 35,784 shares in the company, valued at approximately $2,504,880. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Ramos sold 1,418 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total transaction of $99,260.00. Following the completion of the sale, the insider now owns 38,282 shares in the company, valued at $2,679,740. The disclosure for this sale can be found here. Insiders have sold a total of 111,532 shares of company stock worth $8,116,333 in the last ninety days. 5.60% of the stock is owned by corporate insiders.

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.