Charles Schwab Investment Management Inc. Increases Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Charles Schwab Investment Management Inc. grew its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 530,383 shares of the software maker’s stock after buying an additional 8,840 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.07% of Alarm.com worth $32,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in ALRM. SBI Securities Co. Ltd. bought a new position in Alarm.com in the 4th quarter worth approximately $25,000. Quarry LP raised its position in Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after purchasing an additional 525 shares during the period. Nisa Investment Advisors LLC increased its position in Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after acquiring an additional 539 shares during the last quarter. Huntington National Bank boosted its position in shares of Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after buying an additional 367 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of Alarm.com by 305.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock valued at $63,000 after buying an additional 779 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $64.40.

Alarm.com Stock Performance

Shares of ALRM stock opened at $58.49 on Monday. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $74.97. The business has a fifty day moving average of $60.68 and a 200 day moving average of $59.42. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 3.59 and a beta of 1.10.

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

Insider Buying and Selling

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the transaction, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,191,875. This trade represents a 8.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.60% of the company’s stock.

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.