Wells Fargo & Company MN Grows Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Wells Fargo & Company MN lifted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 14.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 375,233 shares of the software maker’s stock after buying an additional 46,262 shares during the period. Wells Fargo & Company MN’s holdings in Alarm.com were worth $22,814,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ALRM. Daiwa Securities Group Inc. grew its holdings in Alarm.com by 8.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker’s stock worth $162,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Alarm.com by 29.5% in the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after purchasing an additional 238 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Alarm.com in the 4th quarter worth $25,000. Nicolet Advisory Services LLC grew its stake in Alarm.com by 8.7% during the 4th quarter. Nicolet Advisory Services LLC now owns 5,190 shares of the software maker’s stock worth $309,000 after buying an additional 415 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after buying an additional 539 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

Insider Buying and Selling at Alarm.com

In related news, insider Daniel Kerzner sold 932 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the transaction, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. The trade was a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen Trundle sold 1,553 shares of the company’s stock in a transaction 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 directly owns 251,129 shares in the company, valued at approximately $13,935,148.21. The trade was a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,921 shares of company stock worth $338,727. Company insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

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

Alarm.com Price Performance

NASDAQ ALRM opened at $51.37 on Friday. The stock’s fifty day moving average price is $57.87 and its 200 day moving average price is $59.19. 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 company has a market cap of $2.55 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 3.59 and a beta of 1.03.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). The firm had revenue of $242.24 million during 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 research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Alarm.com 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.