Inspire Investing LLC Has $351,000 Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Inspire Investing LLC lifted its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 12.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,525 shares of the software maker’s stock after purchasing an additional 591 shares during the quarter. Inspire Investing LLC’s holdings in Alarm.com were worth $351,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its stake in Alarm.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker’s stock worth $426,190,000 after purchasing an additional 63,653 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Alarm.com by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker’s stock worth $73,889,000 after acquiring an additional 42,281 shares in the last quarter. Norges Bank acquired a new stake in shares of Alarm.com during the fourth quarter worth $33,277,000. Bank of New York Mellon Corp lifted its position in Alarm.com by 15.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker’s stock valued at $30,051,000 after acquiring an additional 64,424 shares in the last quarter. Finally, Summit Creek Advisors LLC increased its holdings in Alarm.com by 11.5% during the 2nd quarter. Summit Creek Advisors LLC now owns 298,422 shares of the software maker’s stock worth $18,962,000 after purchasing an additional 30,849 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

Insider Transactions at Alarm.com

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays cut their price target on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, July 11th. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, The Goldman Sachs Group initiated coverage on shares of Alarm.com in a research note on Friday, September 6th. They set a “neutral” rating and a $64.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Alarm.com has a consensus rating of “Hold” and an average price target of $69.00.

Alarm.com Stock Up 0.4 %

ALRM stock opened at $56.18 on Tuesday. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 33.24, a P/E/G ratio of 3.26 and a beta of 0.90. Alarm.com Holdings, Inc. has a twelve month low of $49.70 and a twelve month high of $77.29. The business has a 50 day moving average price of $61.37 and a two-hundred day moving average price of $65.14. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.09. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The business had revenue of $233.80 million during the quarter, compared to analysts’ expectations of $227.35 million. During the same period last year, the business earned $0.33 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. Analysts anticipate that Alarm.com Holdings, Inc. will post 1.4 EPS for the current fiscal year.

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.