QRG Capital Management Inc. Purchases 229 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

QRG Capital Management Inc. boosted its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,681 shares of the software maker’s stock after purchasing an additional 229 shares during the period. QRG Capital Management Inc.’s holdings in Alarm.com were worth $367,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. lifted its position in shares of Alarm.com by 1.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,121 shares of the software maker’s stock worth $1,047,000 after buying an additional 188 shares during the last quarter. Strs Ohio lifted its holdings in shares of Alarm.com by 500.0% in the third quarter. Strs Ohio now owns 1,800 shares of the software maker’s stock worth $110,000 after acquiring an additional 1,500 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Alarm.com by 16.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 12,926 shares of the software maker’s stock valued at $790,000 after purchasing an additional 1,793 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Alarm.com by 8,213.3% during the 3rd quarter. Larson Financial Group LLC now owns 2,494 shares of the software maker’s stock valued at $152,000 after purchasing an additional 2,464 shares during the last quarter. Finally, Signaturefd LLC increased its position in Alarm.com by 474.7% during the 3rd quarter. Signaturefd LLC now owns 500 shares of the software maker’s stock worth $31,000 after purchasing an additional 413 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ALRM. William Blair upgraded shares of Alarm.com to a “hold” rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. upped their target price on Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Barclays lifted 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 raised Alarm.com from a “c+” rating to a “b-” rating in a research note on Friday, February 23rd. Finally, StockNews.com upgraded shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a report on Friday, March 15th. Three 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 stock. According to data from MarketBeat, Alarm.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.83.

Insiders Place Their Bets

In related news, insider Daniel Ramos sold 8,250 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.44, for a total transaction of $614,130.00. Following the sale, the insider now owns 39,700 shares in the company, valued at approximately $2,955,268. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Daniel Ramos sold 8,250 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $74.44, for a total transaction of $614,130.00. Following the transaction, the insider now directly owns 39,700 shares of the company’s stock, valued at $2,955,268. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen C. Evans sold 1,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.12, for a total transaction of $74,120.00. Following the transaction, the director now directly owns 6,088 shares in the company, valued at $451,242.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,099 shares of company stock worth $6,126,592. Company insiders own 5.60% of the company’s stock.

Alarm.com Price Performance

Shares of ALRM opened at $69.04 on Monday. The business has a 50-day moving average of $69.50 and a 200-day moving average of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.51 and a quick ratio of 5.03. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 40.85, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94. Alarm.com Holdings, Inc. has a 1 year low of $48.01 and a 1 year high of $77.29.

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 12.14% and a net margin of 10.08%. The firm had revenue of $226.20 million during the quarter, compared to analyst estimates of $224.93 million. During the same quarter last year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.39 earnings per share for the current year.

Alarm.com Company 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.