102,100 Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 102,100 shares of the software maker’s stock, valued at approximately $65,980,000. International Assets Investment Management LLC owned about 0.20% of Alarm.com as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Alarm.com by 1.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,121 shares of the software maker’s stock worth $1,047,000 after buying an additional 188 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Alarm.com by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 13,481 shares of the software maker’s stock worth $824,000 after purchasing an additional 238 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of Alarm.com by 1.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 14,237 shares of the software maker’s stock valued at $870,000 after purchasing an additional 241 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Alarm.com by 10.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,642 shares of the software maker’s stock valued at $162,000 after purchasing an additional 250 shares during the period. Finally, Signaturefd LLC boosted its holdings in Alarm.com by 474.7% during the third quarter. Signaturefd LLC now owns 500 shares of the software maker’s stock worth $31,000 after buying an additional 413 shares in the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alarm.com

In other news, CFO Steve Valenzuela sold 7,083 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,825,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Daniel Ramos sold 8,250 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.44, for a total transaction of $614,130.00. Following the completion of the transaction, the insider now directly owns 39,700 shares in the company, valued at approximately $2,955,268. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steve Valenzuela sold 7,083 shares of Alarm.com stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $75.34, for a total transaction of $533,633.22. Following the completion of the transaction, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,825,250. The disclosure for this sale can be found here. Insiders have sold 111,532 shares of company stock valued at $8,116,333 over the last 90 days. 5.60% of the stock is owned by insiders.

Alarm.com Stock Up 1.3 %

Shares of NASDAQ ALRM opened at $67.75 on Friday. The company has a market capitalization of $3.40 billion, a P/E ratio of 44.28, a P/E/G ratio of 3.77 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. The company has a 50 day simple moving average of $70.71 and a 200-day simple moving average of $63.64. Alarm.com Holdings, Inc. has a 1 year low of $44.92 and a 1 year high of $77.29.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. StockNews.com raised Alarm.com from a “buy” rating to a “strong-buy” rating in a report on Friday, March 15th. Barclays upped their target price 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. Finally, TheStreet raised shares of Alarm.com from a “c+” rating to a “b-” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Alarm.com has a consensus rating of “Buy” and a consensus price target of $68.83.

Alarm.com Company 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.