Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. boosted its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 818.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 116,452 shares of the software maker’s stock after acquiring an additional 103,777 shares during the period. Jefferies Financial Group Inc.’s holdings in Alarm.com were worth $7,080,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Alarm.com by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker’s stock valued at $383,091,000 after acquiring an additional 68,907 shares during the last quarter. Northern Trust Corp grew its stake in Alarm.com by 1.5% in the 4th quarter. Northern Trust Corp now owns 704,309 shares of the software maker’s stock valued at $42,822,000 after acquiring an additional 10,674 shares during the last quarter. Norges Bank acquired a new stake in Alarm.com in the 4th quarter valued at about $34,841,000. Charles Schwab Investment Management Inc. grew its stake in Alarm.com by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker’s stock valued at $32,247,000 after acquiring an additional 8,840 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in Alarm.com in the 4th quarter valued at about $27,506,000. 91.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ALRM. The Goldman Sachs Group decreased their price target on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Raymond James decreased their price target on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a research note on Friday. Finally, Barclays decreased their price target on shares of Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $64.33.

Insider Transactions at Alarm.com

In related news, CEO Stephen Trundle sold 1,553 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $86,175.97. Following the completion of the sale, the chief executive officer now owns 251,129 shares of the company’s stock, valued at approximately $13,935,148.21. This represents a 0.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Kerzner sold 932 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the sale, the insider now directly owns 58,736 shares of the company’s stock, valued at approximately $3,259,260.64. This trade represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,921 shares of company stock worth $338,727 in the last three months. Company insiders own 5.80% of the company’s stock.

Alarm.com Trading Up 1.3%

Shares of ALRM stock opened at $56.02 on Monday. The firm has a market cap of $2.79 billion, a P/E ratio of 24.46, a PEG ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $71.98. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The firm’s 50-day simple moving average is $54.52 and its 200-day simple moving average is $59.08.

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

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.