Fred Alger Management Inc. purchased a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,930 shares of the software maker’s stock, valued at approximately $750,000.
Other large investors have also recently added to or reduced their stakes in the company. Pier Capital LLC acquired a new position in Alarm.com Holdings during the second quarter worth $5,916,000. Oak Ridge Investments LLC acquired a new position in Alarm.com Holdings during the second quarter worth $19,059,000. Goldman Sachs Group Inc. lifted its stake in Alarm.com Holdings by 26.1% during the first quarter. Goldman Sachs Group Inc. now owns 13,496 shares of the software maker’s stock worth $415,000 after purchasing an additional 2,795 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in Alarm.com Holdings by 15.3% during the first quarter. Parametric Portfolio Associates LLC now owns 32,269 shares of the software maker’s stock worth $992,000 after purchasing an additional 4,276 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Alarm.com Holdings by 196.8% during the first quarter. Morgan Stanley now owns 101,419 shares of the software maker’s stock worth $3,118,000 after purchasing an additional 67,244 shares in the last quarter. Institutional investors own 84.05% of the company’s stock.
In related news, insider David Hutz sold 3,500 shares of Alarm.com Holdings stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $37.02, for a total transaction of $129,570.00. Following the transaction, the insider now owns 131,022 shares in the company, valued at approximately $4,850,434.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Trundle sold 78,542 shares of Alarm.com Holdings stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $45.25, for a total transaction of $3,554,025.50. The disclosure for this sale can be found here. Insiders have sold a total of 370,942 shares of company stock worth $15,958,457 in the last 90 days. Company insiders own 46.80% of the company’s stock.
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Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) opened at 47.64 on Monday. The firm has a market capitalization of $2.23 billion, a PE ratio of 121.84 and a beta of 1.45. The stock has a 50 day moving average price of $45.21 and a 200 day moving average price of $45.21. Alarm.com Holdings, Inc. has a 52 week low of $26.68 and a 52 week high of $48.38.
Alarm.com Holdings (NASDAQ:ALRM) last posted its earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.14. The business had revenue of $86.00 million for the quarter, compared to analyst estimates of $81.05 million. Alarm.com Holdings had a net margin of 6.50% and a negative return on equity of 35.68%. The business’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. Equities analysts forecast that Alarm.com Holdings, Inc. will post $0.97 earnings per share for the current fiscal year.
ALRM has been the topic of several analyst reports. Imperial Capital increased their price objective on Alarm.com Holdings from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, June 15th. BidaskClub cut Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Northland Securities set a $41.00 price objective on Alarm.com Holdings and gave the company a “buy” rating in a research note on Wednesday, July 19th. Stifel Nicolaus reiterated a “hold” rating and issued a $29.00 price objective on shares of Alarm.com Holdings in a research note on Tuesday, July 25th. Finally, Maxim Group increased their price objective on Alarm.com Holdings from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Alarm.com Holdings has an average rating of “Buy” and a consensus price target of $43.10.
Alarm.com Holdings Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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