6,617 Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Bought by Peak6 LLC

Peak6 LLC purchased a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,617 shares of the software maker’s stock, valued at approximately $402,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in Alarm.com in the fourth quarter valued at approximately $34,841,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Alarm.com by 120.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker’s stock valued at $24,369,000 after purchasing an additional 219,203 shares in the last quarter. Barclays PLC lifted its position in shares of Alarm.com by 323.2% during the 3rd quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock worth $4,997,000 after purchasing an additional 69,804 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Alarm.com by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker’s stock worth $383,091,000 after purchasing an additional 68,907 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Alarm.com by 31.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 219,456 shares of the software maker’s stock valued at $13,343,000 after buying an additional 52,062 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ALRM. The Goldman Sachs Group dropped their price objective on Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday. Barclays dropped their price target on shares of Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Alarm.com has an average rating of “Hold” and a consensus target price of $61.20.

Insider Activity

In other news, CFO Steve Valenzuela sold 3,436 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the transaction, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,191,875. The trade was a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel Kerzner sold 932 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $51,716.68. Following the sale, the insider now directly owns 58,736 shares of the company’s stock, valued at approximately $3,259,260.64. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,921 shares of company stock valued at $338,727. Insiders own 5.60% of the company’s stock.

Alarm.com Stock Down 0.4 %

Shares of NASDAQ ALRM opened at $50.40 on Monday. The stock has a market cap of $2.50 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. Alarm.com Holdings, Inc. has a 52-week low of $48.23 and a 52-week high of $71.98. The business has a 50-day moving average price of $56.67 and a 200 day moving average price of $59.12. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The business had revenue of $242.24 million for the quarter, compared to analysts’ expectations of $237.44 million. Equities research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share 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.