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

Motley Fool Asset Management LLC boosted its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 167,828 shares of the software maker’s stock after purchasing an additional 2,858 shares during the period. Motley Fool Asset Management LLC’s holdings in Alarm.com were worth $10,845,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALRM. Operose Advisors LLC bought a new position in Alarm.com during the 3rd quarter valued at approximately $26,000. Signaturefd LLC boosted its stake in Alarm.com by 474.7% during 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 last quarter. GAMMA Investing LLC purchased a new stake in Alarm.com during the 4th quarter valued at $31,000. Pacer Advisors Inc. purchased a new stake in Alarm.com during the 4th quarter valued at $39,000. Finally, Strs Ohio boosted its stake in Alarm.com by 500.0% during 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 last quarter. Institutional investors own 91.74% of the company’s stock.

Insider Buying and Selling

In related news, insider Daniel Kerzner sold 28,433 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $69.98, for a total value of $1,989,741.34. Following the transaction, the insider now directly owns 57,351 shares of the company’s stock, valued at approximately $4,013,422.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Alarm.com news, insider Daniel Kerzner sold 28,433 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the sale, the insider now directly owns 57,351 shares of the company’s stock, valued at $4,013,422.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Steve Valenzuela sold 7,083 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $75.34, for a total value of $533,633.22. Following the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,825,250. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,532 shares of company stock valued at $8,116,333. 5.60% of the stock is owned by company insiders.

Alarm.com Stock Performance

Alarm.com stock traded down $0.56 during trading on Thursday, reaching $65.23. The company had a trading volume of 153,065 shares, compared to its average volume of 245,527. Alarm.com Holdings, Inc. has a 52 week low of $44.92 and a 52 week high of $77.29. The firm’s 50-day simple moving average is $71.11 and its 200 day simple moving average is $63.37. The firm has a market capitalization 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 current ratio of 5.46, a quick ratio of 4.91 and a debt-to-equity ratio of 0.72.

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

Wall Street Analyst Weigh In

ALRM has been the topic of several recent analyst reports. TheStreet upgraded Alarm.com from a “c+” rating to a “b-” rating in a research note on Friday, February 23rd. Barclays raised their price target 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. StockNews.com upgraded Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. raised their price target on Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Finally, Roth Mkm raised their price target on Alarm.com from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $68.83.

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.