The Manufacturers Life Insurance Company Acquires 714 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

The Manufacturers Life Insurance Company boosted its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,229 shares of the software maker’s stock after acquiring an additional 714 shares during the quarter. The Manufacturers Life Insurance Company owned 0.05% of Alarm.com worth $1,667,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ALRM. First PREMIER Bank acquired a new position in shares of Alarm.com during the first quarter worth approximately $30,000. Point72 DIFC Ltd grew its position in Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after purchasing an additional 1,101 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Alarm.com in the second quarter valued at $108,000. CWM LLC grew its position in shares of 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 acquiring an additional 618 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Alarm.com by 8.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after acquiring an additional 183 shares during the period. 91.74% of the stock is owned by institutional investors.

Insider Buying and Selling at Alarm.com

In other news, insider Daniel Ramos sold 9,476 shares of the company’s 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the transaction, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,260,125. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Alarm.com Stock Down 0.2 %

Shares of NASDAQ ALRM opened at $53.33 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25. Alarm.com Holdings, Inc. has a 52-week low of $49.70 and a 52-week high of $77.29. The company’s 50 day moving average price is $57.38 and its 200-day moving average price is $63.43. The company has a market capitalization of $2.68 billion, a P/E ratio of 31.56, a price-to-earnings-growth ratio of 3.38 and a beta of 0.90.

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

Analyst Upgrades and Downgrades

ALRM has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Alarm.com in a research note on Friday, September 6th. They set a “neutral” rating and a $64.00 target price for the company. Roth Mkm decreased their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, Barclays reduced their target price on shares of Alarm.com from $72.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $66.75.

Alarm.com Company 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.