Summit Creek Advisors LLC raised its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Rating) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,979 shares of the software maker’s stock after acquiring an additional 553 shares during the period. Summit Creek Advisors LLC owned approximately 0.28% of Alarm.com worth $9,436,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC acquired a new position in Alarm.com in the 1st quarter valued at $28,000. GHP Investment Advisors Inc. acquired a new position in Alarm.com in the 1st quarter valued at $38,000. First Horizon Advisors Inc. raised its holdings in Alarm.com by 9,583.3% in the 4th quarter. First Horizon Advisors Inc. now owns 581 shares of the software maker’s stock valued at $49,000 after acquiring an additional 575 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Alarm.com in the 4th quarter valued at $55,000. Finally, CWM LLC acquired a new position in Alarm.com in the 4th quarter valued at $95,000. 91.77% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Alarm.com news, VP Daniel Ramos sold 1,485 shares of the company’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $57.80, for a total value of $85,833.00. Following the sale, the vice president now owns 45,017 shares in the company, valued at approximately $2,601,982.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Alarm.com news, VP Daniel Ramos sold 1,485 shares of the company’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $57.80, for a total value of $85,833.00. Following the sale, the vice president now owns 45,017 shares in the company, valued at approximately $2,601,982.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Simone Wu sold 697 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $63.74, for a total value of $44,426.78. Following the completion of the sale, the director now owns 5,850 shares in the company, valued at approximately $372,879. The disclosure for this sale can be found here. Insiders sold a total of 11,325 shares of company stock valued at $664,025 in the last 90 days. Corporate insiders own 5.50% of the company’s stock.
Alarm.com Price Performance
Alarm.com (NASDAQ:ALRM – Get Rating) last issued its earnings results on Thursday, May 5th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. Alarm.com had a return on equity of 11.71% and a net margin of 5.95%. The business had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $192.02 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. Analysts anticipate that Alarm.com Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on ALRM shares. Bank of America began coverage on Alarm.com in a report on Wednesday, April 20th. They issued a “buy” rating and a $75.00 price objective for the company. StockNews.com cut Alarm.com from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Finally, Barclays lowered their price target on Alarm.com from $70.00 to $63.00 in a report on Monday, May 9th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.60.
Alarm.com Company Profile
Alarm.com Holdings, Inc provides cloud-based solutions for smart residential and commercial properties in the United States and internationally. It operates in two segments, Alarm.com and Other. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, door locks, garage doors, Internet of Things, thermostats, and video cameras; and video monitoring solutions, such as video analytics, live streaming, video doorbell, video clips, video alerts, continuous high definition recording, and commercial video surveillance solutions.
- Get a free copy of the StockNews.com research report on Alarm.com (ALRM)
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