Aristeia Capital L.L.C. Buys Shares of 9,740 Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Aristeia Capital L.L.C. purchased a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,740 shares of the software maker’s stock, valued at approximately $619,000.

A number of other hedge funds have also made changes to their positions in ALRM. First PREMIER Bank acquired a new stake in Alarm.com in the 1st quarter worth approximately $30,000. YHB Investment Advisors Inc. acquired a new stake in shares of Alarm.com in the first quarter worth $56,000. Point72 DIFC Ltd boosted its holdings in shares of Alarm.com by 293.6% during the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after buying an additional 1,101 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Alarm.com during the 2nd quarter worth $108,000. Finally, CWM LLC grew its stake in Alarm.com by 42.0% in the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after buying an additional 618 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ALRM. Barclays lowered their price target on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 11th. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, The Goldman Sachs Group started coverage on Alarm.com in a report on Friday, September 6th. They set a “neutral” rating and a $64.00 price target for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Alarm.com has a consensus rating of “Hold” and a consensus price target of $69.00.

Insider Buying and Selling

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

Alarm.com Trading Up 0.4 %

Shares of ALRM opened at $56.18 on Tuesday. The stock’s 50-day moving average price is $61.37 and its 200 day moving average price is $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. The firm has a market capitalization 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 12-month low of $49.70 and a 12-month high of $77.29.

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

Alarm.com Company 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.