State of Wyoming Raises Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

State of Wyoming boosted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 47.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,652 shares of the software maker’s stock after buying an additional 3,756 shares during the period. State of Wyoming’s holdings in Alarm.com were worth $708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Summit Investment Advisors Inc. raised its holdings in Alarm.com by 3.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker’s stock valued at $301,000 after buying an additional 172 shares during the period. Daiwa Securities Group Inc. grew its position in Alarm.com by 8.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker’s stock valued at $162,000 after acquiring an additional 200 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Alarm.com by 1.0% during the fourth quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker’s stock worth $1,710,000 after buying an additional 281 shares in the last quarter. Quarry LP grew its position in shares of Alarm.com by 43.0% during the fourth quarter. Quarry LP now owns 1,008 shares of the software maker’s stock worth $61,000 after buying an additional 303 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Alarm.com by 0.3% during the fourth quarter. Legal & General Group Plc now owns 139,290 shares of the software maker’s stock worth $8,469,000 after buying an additional 401 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alarm.com news, insider Daniel Kerzner sold 932 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the sale, the insider now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steve Valenzuela sold 3,436 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,191,875. This trade represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,511 shares of company stock worth $1,329,787. 5.80% of the stock is owned by corporate insiders.

Alarm.com Price Performance

Alarm.com stock opened at $59.64 on Monday. Alarm.com Holdings, Inc. has a 12 month low of $48.23 and a 12 month 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 business has a 50 day simple moving average of $54.62 and a 200-day simple moving average of $59.26. The stock has a market capitalization of $2.97 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Raymond James lowered their price objective on Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating for the company in a research report on Friday, May 9th. Barclays reduced their price objective on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Finally, The Goldman Sachs Group reduced their price objective on Alarm.com from $66.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.33.

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.