Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 7.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 110,400 shares of the software maker’s stock after purchasing an additional 7,932 shares during the period. Public Sector Pension Investment Board owned about 0.22% of Alarm.com worth $7,015,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. First PREMIER Bank acquired a new position in Alarm.com during the first quarter worth approximately $30,000. YHB Investment Advisors Inc. purchased a new position in shares of Alarm.com during the first quarter worth approximately $56,000. Canada Pension Plan Investment Board acquired a new position in shares of Alarm.com in the 2nd quarter valued at $108,000. CWM LLC raised its position in Alarm.com by 42.0% in the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after purchasing an additional 618 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Alarm.com by 8.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after purchasing an additional 183 shares during the period. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Stock Down 1.7 %

Shares of NASDAQ:ALRM opened at $55.20 on Wednesday. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 3.26 and a beta of 0.90. Alarm.com Holdings, Inc. has a fifty-two week low of $49.70 and a fifty-two week high of $77.29. The firm’s 50-day simple moving average is $61.08 and its 200-day simple moving average is $65.00. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52.

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

Insider Buying and Selling

In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the firm’s 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 completion of the sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at $2,260,125. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction that occurred 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 owns 37,500 shares in the company, valued at approximately $2,260,125. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the transaction, the insider now directly owns 41,100 shares of the company’s stock, valued at $2,540,391. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on ALRM shares. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Barclays dropped their price target on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 11th. Finally, The Goldman Sachs Group started coverage on Alarm.com in a research report on Friday, September 6th. They set a “neutral” rating and a $64.00 price objective for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.