Advisor Group Holdings Inc. lowered its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 26.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,919 shares of the software maker’s stock after selling 688 shares during the period. Advisor Group Holdings Inc.’s holdings in Alarm.com were worth $122,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. FDx Advisors Inc. acquired a new stake in shares of Alarm.com during the 1st quarter valued at about $32,000. Canton Hathaway LLC acquired a new position in Alarm.com during the second quarter worth $32,000. Macquarie Group Ltd. lifted its holdings in shares of Alarm.com by 40.8% during the second quarter. Macquarie Group Ltd. now owns 1,598 shares of the software maker’s stock valued at $104,000 after acquiring an additional 463 shares during the period. Mutual of America Capital Management LLC boosted its stake in shares of Alarm.com by 29.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 2,080 shares of the software maker’s stock valued at $135,000 after purchasing an additional 479 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in shares of Alarm.com in the 1st quarter valued at $200,000. 95.06% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ ALRM traded up $0.86 during trading on Friday, reaching $60.54. 179,527 shares of the stock traded hands, compared to its average volume of 549,025. Alarm.com Holdings, Inc. has a fifty-two week low of $32.00 and a fifty-two week high of $74.66. The company has a quick ratio of 3.21, a current ratio of 3.75 and a debt-to-equity ratio of 0.28. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 53.58, a price-to-earnings-growth ratio of 5.28 and a beta of 0.93. The stock’s 50-day moving average price is $57.54 and its 200 day moving average price is $55.17.
Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.10. Alarm.com had a net margin of 10.06% and a return on equity of 17.60%. The company had revenue of $141.64 million during the quarter, compared to analyst estimates of $119.06 million. Analysts anticipate that Alarm.com Holdings, Inc. will post 1.04 EPS for the current fiscal year.
Several brokerages recently issued reports on ALRM. Raymond James lifted their price target on shares of Alarm.com from $55.00 to $70.00 and gave the company a “strong-buy” rating in a report on Thursday, August 6th. William Blair cut Alarm.com from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. Roth Capital raised Alarm.com from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Wednesday, September 30th. Northland Securities restated a “buy” rating and issued a $72.00 target price on shares of Alarm.com in a research note on Thursday, August 6th. Finally, BidaskClub lowered shares of Alarm.com from a “buy” rating to a “hold” rating in a report on Thursday, September 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $64.78.
In other news, Director Mayo A. Shattuck III sold 17,117 shares of the business’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $55.26, for a total value of $945,885.42. Following the sale, the director now directly owns 67,317 shares in the company, valued at $3,719,937.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Steve Valenzuela sold 2,584 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $58.81, for a total value of $151,965.04. Following the transaction, the chief financial officer now owns 50,098 shares of the company’s stock, valued at $2,946,263.38. The disclosure for this sale can be found here. Insiders sold 147,303 shares of company stock valued at $9,477,872 in the last quarter. Corporate insiders own 20.80% of the company’s stock.
Alarm.com Company Profile
Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, video analytics, secure cloud storage, video alerts, continuous high definition recording, and commercial video surveillance solutions.
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