Axa S.A. Makes New $1.20 Million Investment in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Axa S.A. purchased a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,902 shares of the software maker’s stock, valued at approximately $1,201,000.

A number of other institutional investors have also modified their holdings of the company. Armistice Capital LLC purchased a new position in shares of Alarm.com in the fourth quarter valued at approximately $346,000. Thematics Asset Management grew its stake in shares of Alarm.com by 7.0% in the fourth quarter. Thematics Asset Management now owns 80,637 shares of the software maker’s stock worth $5,211,000 after acquiring an additional 5,278 shares in the last quarter. Centaurus Financial Inc. increased its position in shares of Alarm.com by 1.8% during the fourth quarter. Centaurus Financial Inc. now owns 219,201 shares of the software maker’s stock worth $14,165,000 after acquiring an additional 3,793 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Alarm.com by 78.8% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 95,300 shares of the software maker’s stock valued at $6,158,000 after acquiring an additional 42,000 shares in the last quarter. Finally, First PREMIER Bank acquired a new stake in shares of Alarm.com in the first quarter valued at $30,000. 91.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 stock was 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 approximately $2,540,391. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Steve Valenzuela sold 7,400 shares of the 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 $2,260,125. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Ramos sold 9,476 shares of the business’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 transaction, the insider now 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 Stock Performance

Shares of Alarm.com stock opened at $53.85 on Wednesday. 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 Holdings, Inc. has a 52 week low of $49.70 and a 52 week high of $77.29. The firm’s 50 day moving average is $60.01 and its two-hundred day moving average is $64.43. The firm has a market capitalization of $2.70 billion, a P/E ratio of 31.99, a P/E/G ratio of 3.38 and a beta of 0.90.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on ALRM. 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. The Goldman Sachs Group assumed coverage on shares of Alarm.com in a research note 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, September 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $69.00.

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.