Renaissance Technologies LLC Boosts Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Renaissance Technologies LLC grew its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 25.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 248,700 shares of the software maker’s stock after purchasing an additional 50,500 shares during the period. Renaissance Technologies LLC owned approximately 0.50% of Alarm.com worth $15,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Oak Ridge Investments LLC grew its position in Alarm.com by 0.3% in the first quarter. Oak Ridge Investments LLC now owns 63,176 shares of the software maker’s stock worth $4,578,000 after acquiring an additional 173 shares during the period. Parkside Financial Bank & Trust grew its position in Alarm.com by 8.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after acquiring an additional 183 shares during the period. Arizona State Retirement System grew its position in Alarm.com by 1.8% in the second quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after acquiring an additional 232 shares during the period. QRG Capital Management Inc. grew its position in Alarm.com by 4.6% in the second quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock worth $381,000 after acquiring an additional 266 shares during the period. Finally, Swiss National Bank grew its position in Alarm.com by 0.3% in the first quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock worth $6,790,000 after acquiring an additional 300 shares during the period. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,260,125. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,260,125. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Ramos sold 9,476 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares in the company, valued at $2,540,391. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Alarm.com Stock Up 1.9 %

NASDAQ:ALRM opened at $55.95 on Friday. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52. The stock’s fifty day moving average is $61.59 and its two-hundred day moving average is $65.32. Alarm.com Holdings, Inc. has a 52 week low of $49.70 and a 52 week high of $77.29. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 3.26 and a beta of 0.90.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The company had revenue of $233.80 million for the quarter, compared to analysts’ expectations of $227.35 million. During the same period in the prior year, the firm earned $0.33 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Research analysts anticipate that Alarm.com Holdings, Inc. will post 1.4 EPS for the current year.

Analyst Upgrades and Downgrades

ALRM has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on Alarm.com in a research report on Friday, September 6th. They issued a “neutral” rating and a $64.00 price objective for the company. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, Barclays decreased their price target on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $69.00.

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.