Canada Pension Plan Investment Board Boosts Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Canada Pension Plan Investment Board raised its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 2,335.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,400 shares of the software maker’s stock after purchasing an additional 39,700 shares during the quarter. Canada Pension Plan Investment Board owned 0.08% of Alarm.com worth $2,517,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALRM. Norges Bank acquired a new position in Alarm.com during the fourth quarter worth $34,841,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Alarm.com by 120.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker’s stock worth $24,369,000 after purchasing an additional 219,203 shares in the last quarter. Barclays PLC boosted 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 in the last quarter. Vanguard Group Inc. increased its holdings in shares of Alarm.com by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker’s stock valued at $383,091,000 after purchasing an additional 68,907 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of 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 purchasing an additional 52,062 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on ALRM shares. The Goldman Sachs Group dropped their target price on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Barclays dropped their price objective on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $61.20.

Insider Activity

In related news, CFO Steve Valenzuela sold 3,436 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. This represents a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel Kerzner sold 932 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the sale, the insider now directly owns 58,736 shares in the company, valued at approximately $3,259,260.64. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,921 shares of company stock valued at $338,727 over the last 90 days. Insiders own 5.60% of the company’s stock.

Alarm.com Stock Up 2.5 %

ALRM stock opened at $50.57 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. Alarm.com Holdings, Inc. has a 12 month low of $48.23 and a 12 month high of $71.98. The firm has a market capitalization of $2.51 billion, a PE ratio of 22.08, a P/E/G ratio of 3.59 and a beta of 1.03. The company’s 50 day simple moving average is $56.14 and its 200-day simple moving average is $59.04.

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