Ameriprise Financial Inc. reduced its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 27.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,013 shares of the software maker’s stock after selling 13,852 shares during the quarter. Ameriprise Financial Inc. owned 0.08% of Alarm.com Holdings worth $1,392,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of ALRM. BNP Paribas Arbitrage SA grew its stake in Alarm.com Holdings by 95.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock worth $156,000 after acquiring an additional 2,033 shares in the last quarter. Victory Capital Management Inc. grew its stake in Alarm.com Holdings by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock worth $159,000 after acquiring an additional 632 shares in the last quarter. Legal & General Group Plc grew its stake in Alarm.com Holdings by 57.4% in the 2nd quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after acquiring an additional 1,673 shares in the last quarter. American International Group Inc. grew its stake in Alarm.com Holdings by 7.1% in the 1st quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock worth $195,000 after acquiring an additional 422 shares in the last quarter. Finally, Turner Investments LLC bought a new position in Alarm.com Holdings in the 2nd quarter worth about $301,000. 85.45% of the stock is currently owned by institutional investors.
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A number of equities analysts have commented on ALRM shares. BidaskClub downgraded shares of 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 target price on shares of Alarm.com Holdings and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Stifel Nicolaus restated a “hold” rating and issued a $29.00 target price on shares of Alarm.com Holdings in a research note on Tuesday, July 25th. Maxim Group upped their target price on shares of Alarm.com Holdings from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $46.00 target price (up from $37.00) on shares of Alarm.com Holdings in a research note on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $44.60.
In other Alarm.com Holdings news, insider Vii Lp Tcv sold 58,898 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $43.93, for a total value of $2,587,389.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel Ramos sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $43.35, for a total transaction of $1,734,000.00. Following the completion of the sale, the vice president now owns 127,127 shares of the company’s stock, valued at $5,510,955.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 353,651 shares of company stock worth $15,569,935. Insiders own 46.80% of the company’s stock.
Alarm.com Holdings, Inc. (NASDAQ ALRM) opened at $45.95 on Monday. The company has a debt-to-equity ratio of -0.70, a quick ratio of 2.63 and a current ratio of 2.85. Alarm.com Holdings, Inc. has a one year low of $26.68 and a one year high of $49.49. The stock has a market cap of $2,146.24, a P/E ratio of 56.04, a PEG ratio of 3.11 and a beta of 1.43.
Alarm.com Holdings (NASDAQ:ALRM) last released its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.14. Alarm.com Holdings had a net margin of 6.50% and a negative return on equity of 35.68%. The firm had revenue of $86.00 million for the quarter, compared to the consensus estimate of $81.05 million. During the same period last year, the firm earned $0.15 earnings per share. The company’s quarterly revenue was up 33.5% on a year-over-year basis. analysts predict that Alarm.com Holdings, Inc. will post 0.87 EPS for the current year.
About Alarm.com Holdings
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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