Nicholas Investment Partners LP Has $5.95 Million Holdings in Alarm.com Holdings, Inc. (ALRM)

Nicholas Investment Partners LP raised its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 19.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,622 shares of the software maker’s stock after purchasing an additional 21,725 shares during the quarter. Nicholas Investment Partners LP owned 0.28% of Alarm.com worth $5,947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Invictus RG purchased a new stake in Alarm.com in the 3rd quarter valued at approximately $329,000. Brown Advisory Inc. boosted its stake in shares of Alarm.com by 27.8% during the 3rd quarter. Brown Advisory Inc. now owns 136,424 shares of the software maker’s stock worth $6,164,000 after acquiring an additional 29,698 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Alarm.com by 53.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 93,368 shares of the software maker’s stock worth $4,219,000 after acquiring an additional 32,704 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Alarm.com by 20.0% during the 3rd quarter. Wells Fargo & Company MN now owns 105,582 shares of the software maker’s stock worth $4,771,000 after acquiring an additional 17,625 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Alarm.com during the 3rd quarter worth approximately $3,269,000. 82.97% of the stock is currently owned by institutional investors.

Shares of Alarm.com Holdings, Inc. (ALRM) opened at $39.30 on Monday. Alarm.com Holdings, Inc. has a 52 week low of $26.68 and a 52 week high of $49.49. The company has a quick ratio of 2.88, a current ratio of 3.16 and a debt-to-equity ratio of -0.81. The stock has a market capitalization of $1,850.00 and a P/E ratio of 43.67.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Alarm.com had a negative return on equity of 42.00% and a net margin of 9.97%. The firm had revenue of $90.00 million for the quarter, compared to analyst estimates of $83.04 million. During the same quarter in the prior year, the company earned $0.19 EPS. Alarm.com’s revenue was up 32.7% on a year-over-year basis. equities analysts forecast that Alarm.com Holdings, Inc. will post 0.83 earnings per share for the current year.

Several equities research analysts have recently commented on ALRM shares. Stifel Nicolaus reissued a “hold” rating and set a $38.00 price target (up previously from $34.00) on shares of Alarm.com in a research note on Thursday, November 9th. Credit Suisse Group reissued an “outperform” rating and set a $52.00 price target (up previously from $46.00) on shares of Alarm.com in a research note on Thursday, November 9th. William Blair reissued an “outperform” rating on shares of Alarm.com in a research note on Thursday, September 21st. Northland Securities reissued a “buy” rating and set a $51.00 price target on shares of Alarm.com in a research note on Friday, October 13th. Finally, Bank of America boosted their price target on Alarm.com from $46.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.90.

In related news, insider Vii Lp Tcv sold 121,885 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $42.40, for a total value of $5,167,924.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen Trundle sold 60,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $44.05, for a total value of $2,643,000.00. Following the completion of the sale, the insider now directly owns 222,191 shares in the company, valued at approximately $9,787,513.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 400,057 shares of company stock worth $17,570,591. 78.50% of the stock is owned by corporate insiders.

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About Alarm.com

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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Institutional Ownership by Quarter for Alarm.com (NASDAQ:ALRM)

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