Hennion & Walsh Asset Management Inc. Buys 8,322 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Hennion & Walsh Asset Management Inc. lifted its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 61.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,862 shares of the software maker’s stock after acquiring an additional 8,322 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Alarm.com were worth $1,584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. bought a new position in shares of Alarm.com in the third quarter worth approximately $268,000. Envestnet Asset Management Inc. boosted its holdings in Alarm.com by 32.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 165,348 shares of the software maker’s stock worth $10,109,000 after buying an additional 40,368 shares during the period. FMR LLC increased its stake in Alarm.com by 18,200.6% in the 3rd quarter. FMR LLC now owns 312,391 shares of the software maker’s stock worth $19,100,000 after buying an additional 310,684 shares in the last quarter. Northern Trust Corp raised its holdings in Alarm.com by 1.5% during the third quarter. Northern Trust Corp now owns 706,274 shares of the software maker’s stock valued at $43,182,000 after acquiring an additional 10,245 shares during the period. Finally, Gotham Asset Management LLC lifted its position in shares of Alarm.com by 23.4% in the third quarter. Gotham Asset Management LLC now owns 9,023 shares of the software maker’s stock valued at $552,000 after acquiring an additional 1,710 shares in the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alarm.com

In related news, insider Daniel Ramos sold 1,418 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total value of $99,260.00. Following the completion of the transaction, the insider now owns 38,282 shares of the company’s stock, valued at approximately $2,679,740. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Daniel Ramos sold 1,418 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total transaction of $99,260.00. Following the transaction, the insider now owns 38,282 shares of the company’s stock, valued at approximately $2,679,740. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen Trundle sold 3,217 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $225,190.00. Following the completion of the sale, the chief executive officer now owns 234,449 shares of the company’s stock, valued at $16,411,430. The disclosure for this sale can be found here. Insiders have sold a total of 6,351 shares of company stock worth $444,570 in the last three months. Insiders own 5.60% of the company’s stock.

Alarm.com Stock Performance

NASDAQ ALRM opened at $63.54 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.51 and a quick ratio of 5.03. Alarm.com Holdings, Inc. has a 1-year low of $48.61 and a 1-year high of $77.29. The business has a 50 day simple moving average of $65.47 and a two-hundred day simple moving average of $66.50. The stock has a market capitalization of $3.19 billion, a PE ratio of 37.60, a P/E/G ratio of 3.10 and a beta of 0.88.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Thursday, May 9th. The software maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Alarm.com had a return on equity of 12.14% and a net margin of 10.08%. The firm had revenue of $223.28 million during the quarter, compared to the consensus estimate of $218.32 million. On average, research analysts predict that Alarm.com Holdings, Inc. will post 1.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on ALRM. StockNews.com downgraded Alarm.com from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 14th. William Blair upgraded shares of Alarm.com to a “hold” rating in a research report on Thursday, May 9th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.83.

About Alarm.com

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.