Motley Fool Asset Management LLC Purchases 2,858 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Motley Fool Asset Management LLC raised its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 167,828 shares of the software maker’s stock after buying an additional 2,858 shares during the period. Motley Fool Asset Management LLC owned about 0.34% of Alarm.com worth $10,845,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Operose Advisors LLC acquired a new position in shares of Alarm.com in the 3rd quarter valued at $26,000. Signaturefd LLC lifted its stake in shares of Alarm.com by 474.7% in the 3rd quarter. Signaturefd LLC now owns 500 shares of the software maker’s stock valued at $31,000 after purchasing an additional 413 shares during the period. GAMMA Investing LLC acquired a new position in shares of Alarm.com in the 4th quarter valued at $31,000. Pacer Advisors Inc. acquired a new position in shares of Alarm.com in the 4th quarter valued at $39,000. Finally, Strs Ohio lifted its stake in shares of Alarm.com by 500.0% in the 3rd quarter. Strs Ohio now owns 1,800 shares of the software maker’s stock valued at $110,000 after purchasing an additional 1,500 shares during the period. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Stock Down 0.9 %

Shares of ALRM traded down $0.56 during midday trading on Thursday, hitting $65.23. The stock had a trading volume of 153,065 shares, compared to its average volume of 245,527. The company has a 50 day simple moving average of $71.11 and a two-hundred day simple moving average of $63.37. Alarm.com Holdings, Inc. has a twelve month low of $44.92 and a twelve month high of $77.29. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 42.61, a price-to-earnings-growth ratio of 3.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.46 and a quick ratio of 4.91.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $226.20 million during the quarter, compared to the consensus estimate of $224.93 million. Alarm.com had a net margin of 9.19% and a return on equity of 11.61%. Alarm.com’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. On average, analysts anticipate that Alarm.com Holdings, Inc. will post 1.39 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ALRM shares. TheStreet raised Alarm.com from a “c+” rating to a “b-” rating in a research note on Friday, February 23rd. Roth Mkm raised their price objective on Alarm.com from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. raised their price objective on Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. StockNews.com raised Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. Finally, Barclays raised their price objective on Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $68.83.

Insider Activity

In related news, CEO Stephen Trundle sold 50,000 shares of Alarm.com stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $73.80, for a total transaction of $3,690,000.00. Following the completion of the transaction, the chief executive officer now owns 1,289,343 shares in the company, valued at $95,153,513.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alarm.com news, CFO Steve Valenzuela sold 832 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $74.58, for a total transaction of $62,050.56. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,796,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen Trundle sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $73.80, for a total transaction of $3,690,000.00. Following the sale, the chief executive officer now owns 1,289,343 shares of the company’s stock, valued at $95,153,513.40. The disclosure for this sale can be found here. Insiders sold 111,532 shares of company stock worth $8,116,333 in the last quarter. Corporate insiders own 5.60% of the company’s stock.

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.