Xponance Inc. Invests $207,000 in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Xponance Inc. bought a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,402 shares of the software maker’s stock, valued at approximately $207,000.

Several other hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in shares of Alarm.com by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock valued at $28,513,000 after buying an additional 7,567 shares in the last quarter. Bank of Montreal Can increased its stake in Alarm.com by 18.0% in the third quarter. Bank of Montreal Can now owns 323,133 shares of the software maker’s stock valued at $17,879,000 after acquiring an additional 49,403 shares during the last quarter. FMR LLC raised its position in Alarm.com by 129.0% during the third quarter. FMR LLC now owns 153,865 shares of the software maker’s stock valued at $8,412,000 after purchasing an additional 86,683 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Alarm.com by 6.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,042 shares of the software maker’s stock worth $604,000 after purchasing an additional 649 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Alarm.com by 97.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,671 shares of the software maker’s stock worth $146,000 after purchasing an additional 1,320 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research 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 stock. According to data from MarketBeat, Alarm.com presently has an average rating of “Hold” and an average target price of $64.40.

Insider Buying and Selling at Alarm.com

In related news, CFO Steve Valenzuela sold 3,436 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,191,875. This trade represents a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.60% of the company’s stock.

Alarm.com Trading Down 3.1 %

Shares of ALRM stock opened at $55.81 on Friday. The business has a 50-day moving average of $60.10 and a 200 day moving average of $59.41. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. Alarm.com Holdings, Inc. has a 1-year low of $51.87 and a 1-year high of $72.37. The stock has a market capitalization of $2.77 billion, a PE ratio of 24.37, a P/E/G ratio of 3.59 and a beta of 1.10.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings data 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 net margin of 13.21% and a return on equity of 13.55%. The company had revenue of $242.24 million for the quarter, compared to analysts’ expectations of $237.44 million. As a group, sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

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.