Creative Planning Increases Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Creative Planning lifted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,314 shares of the software maker’s stock after purchasing an additional 1,132 shares during the quarter. Creative Planning’s holdings in Alarm.com were worth $783,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ALRM. Point72 DIFC Ltd grew its holdings in shares of 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 during the period. Canada Pension Plan Investment Board purchased a new position in Alarm.com during the second quarter worth about $108,000. CWM LLC boosted its stake in Alarm.com by 42.0% during the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after buying an additional 618 shares during the period. Parkside Financial Bank & Trust boosted its stake in Alarm.com by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after buying an additional 183 shares during the period. Finally, Bayesian Capital Management LP purchased a new position in Alarm.com during the first quarter worth about $228,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Trading Up 0.2 %

NASDAQ ALRM opened at $53.42 on Friday. The firm has a 50 day simple moving average of $54.98 and a 200-day simple moving average of $61.61. 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 one year low of $50.57 and a one year high of $77.29. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 3.27 and a beta of 0.90.

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

Insider Activity at Alarm.com

In related news, CFO Steve Valenzuela sold 7,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 of the company’s stock, valued at $2,260,125. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 41,100 shares of the company’s stock, valued at $2,540,391. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of 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 position. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ALRM has been the subject of several research analyst reports. Barclays lowered their target price on shares of Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. 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 lowered their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.