Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 165.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,600 shares of the software maker’s stock after acquiring an additional 49,600 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.16% of Alarm.com worth $5,058,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. First PREMIER Bank acquired a new position in Alarm.com during the 1st quarter worth approximately $30,000. YHB Investment Advisors Inc. acquired a new position in Alarm.com during the 1st quarter worth approximately $56,000. Point72 DIFC Ltd increased its position in 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 purchasing an additional 1,101 shares during the period. Canada Pension Plan Investment Board acquired a new position in Alarm.com during the 2nd quarter worth approximately $108,000. Finally, CWM LLC increased its position in Alarm.com by 42.0% during the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after purchasing an additional 618 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

Insider Activity at Alarm.com

In related 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 owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction 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 of the company’s stock, valued at $2,540,391. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction on 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 directly owns 37,500 shares in the company, valued at approximately $2,260,125. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ALRM. The Goldman Sachs Group began coverage on Alarm.com in a research report on Friday, September 6th. They set a “neutral” rating and a $64.00 target price on the stock. Barclays dropped their target price 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. Finally, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Four investment 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, the company currently has an average rating of “Hold” and a consensus price target of $69.00.

Alarm.com Stock Performance

ALRM opened at $52.87 on Friday. The stock has a market cap of $2.65 billion, a P/E ratio of 31.28, a P/E/G ratio of 3.38 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. The stock’s 50 day simple moving average is $58.75 and its 200 day simple moving average is $63.93. 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, topping 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 business had revenue of $233.80 million for the quarter, compared to analysts’ expectations of $227.35 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.4 EPS for the current fiscal 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.