Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System boosted its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,283 shares of the software maker’s stock after buying an additional 232 shares during the period. Arizona State Retirement System’s holdings in Alarm.com were worth $844,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ALRM. First PREMIER Bank purchased a new position in Alarm.com in the first quarter valued at approximately $30,000. YHB Investment Advisors Inc. acquired a new position in shares of Alarm.com during the 1st quarter valued at $56,000. CWM LLC lifted its holdings in shares of Alarm.com by 42.0% during the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after acquiring an additional 618 shares in the last quarter. Argent Capital Management LLC purchased a new stake in shares of Alarm.com in the first quarter worth about $201,000. Finally, Quest Partners LLC purchased a new position in Alarm.com in the 4th quarter worth approximately $212,000. 91.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alarm.com

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 transaction of $585,711.56. Following the transaction, the insider now owns 41,100 shares in the company, valued at $2,540,391. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the transaction, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the sale, the insider now directly owns 41,100 shares of the company’s stock, valued at $2,540,391. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Alarm.com Price Performance

Shares of NASDAQ ALRM opened at $55.25 on Friday. The business’s fifty day moving average price is $62.64 and its two-hundred day moving average price is $66.10. The firm has a market capitalization of $2.72 billion, a PE ratio of 32.69, a P/E/G ratio of 3.26 and a beta of 0.90. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70. Alarm.com Holdings, Inc. has a 1-year low of $49.70 and a 1-year high of $77.29.

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

Analyst Upgrades and Downgrades

ALRM has been the topic of a number of recent analyst reports. Barclays cut their price objective on shares of Alarm.com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, July 11th. The Goldman Sachs Group initiated coverage on Alarm.com in a report on Friday, September 6th. They set a “neutral” rating and a $64.00 target price on the stock. Finally, StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $69.00.

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.