Smartleaf Asset Management LLC Has $63,000 Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Smartleaf Asset Management LLC raised its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 305.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,034 shares of the software maker’s stock after buying an additional 779 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Alarm.com were worth $63,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ALRM. Centaurus Financial Inc. grew its holdings in Alarm.com by 3.7% during the third quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker’s stock valued at $12,937,000 after purchasing an additional 8,456 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Alarm.com by 4.5% in the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker’s stock valued at $16,130,000 after buying an additional 11,531 shares during the period. Atomi Financial Group Inc. bought a new stake in shares of Alarm.com in the 4th quarter valued at $259,000. Victory Capital Management Inc. lifted its holdings in Alarm.com by 369.7% during the third quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker’s stock worth $3,802,000 after acquiring an additional 54,738 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Alarm.com during the third quarter worth about $1,322,000. 91.74% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Alarm.com news, CEO Stephen Trundle sold 47,500 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the sale, the chief executive officer now directly owns 252,682 shares of the company’s stock, valued at approximately $17,227,858.76. This represents a 15.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel Kerzner sold 32,851 shares of Alarm.com stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the completion of the transaction, the insider now directly owns 59,668 shares of the company’s stock, valued at approximately $3,961,955.20. This trade represents a 35.51 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Alarm.com Stock Performance

Shares of ALRM stock opened at $58.92 on Monday. Alarm.com Holdings, Inc. has a 12 month low of $51.87 and a 12 month high of $76.34. The company’s fifty day simple moving average is $60.89 and its 200-day simple moving average is $59.47. The firm has a market cap of $2.93 billion, a PE ratio of 25.73, a P/E/G ratio of 3.59 and a beta of 1.10. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The business had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. Equities research analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ALRM shares. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $50.00 price objective (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Alarm.com presently has an average rating of “Hold” and a consensus target price of $64.40.

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.