Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 27.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 88,393 shares of the software maker’s stock after acquiring an additional 18,848 shares during the period. Victory Capital Management Inc. owned 0.18% of Alarm.com worth $5,374,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Centaurus Financial Inc. raised its holdings in Alarm.com by 3.7% in the 3rd quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker’s stock valued at $12,937,000 after acquiring an additional 8,456 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Alarm.com by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker’s stock worth $16,130,000 after buying an additional 11,531 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Alarm.com during the 4th quarter worth $259,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Alarm.com during the 3rd quarter worth $1,322,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Alarm.com by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock worth $28,513,000 after buying an additional 7,567 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Stock Up 0.8 %

Shares of Alarm.com stock opened at $58.49 on Friday. The company has a fifty day moving average price of $60.68 and a 200 day moving average price of $59.41. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $74.97. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 3.59 and a beta of 1.10.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The business had revenue of $242.24 million for the quarter, compared to analysts’ expectations of $237.44 million. Equities research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $64.40.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,191,875. This represents a 8.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.60% of the stock is currently owned by corporate insiders.

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.