Corient Private Wealth LLC Invests $201,000 in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Corient Private Wealth LLC bought a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 3,311 shares of the software maker’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN grew its stake in Alarm.com by 6.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock valued at $157,168,000 after acquiring an additional 163,851 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Alarm.com by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker’s stock worth $32,247,000 after purchasing an additional 8,840 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Alarm.com by 2.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker’s stock worth $23,786,000 after purchasing an additional 9,935 shares in the last quarter. DF Dent & Co. Inc. grew its position in Alarm.com by 23.3% in the 3rd quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker’s stock valued at $19,648,000 after purchasing an additional 67,824 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Alarm.com by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker’s stock valued at $16,130,000 after purchasing an additional 11,531 shares in the last quarter. 91.74% of the stock is owned by institutional investors.

Alarm.com Stock Performance

NASDAQ ALRM opened at $55.83 on Wednesday. The company has a fifty day moving average price of $59.86 and a 200-day moving average price of $59.46. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 3.59 and a beta of 1.10. 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 $71.98.

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

Wall Street Analysts Forecast Growth

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

Insider Activity at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the company’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 completion of the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,191,875. This represents a 8.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is currently owned by company insiders.

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.