Alarm.com Holdings, Inc. (ALRM) Shares Bought by Nationwide Fund Advisors
Nationwide Fund Advisors lifted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 2,418.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,049 shares of the software maker’s stock after buying an additional 141,211 shares during the quarter. Nationwide Fund Advisors owned about 0.32% of Alarm.com Holdings worth $5,533,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in Alarm.com Holdings by 40.8% in the 1st quarter. Victory Capital Management Inc. now owns 3,583 shares of the software maker’s stock worth $110,000 after acquiring an additional 1,039 shares during the last quarter. BNP Paribas Arbitrage SA increased 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 during the last quarter. Legal & General Group Plc boosted its holdings in shares of 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 purchasing an additional 1,673 shares during the period. Quantbot Technologies LP purchased a new position in shares of Alarm.com Holdings in the 1st quarter worth approximately $178,000. Finally, American International Group Inc. boosted its holdings in shares of 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 purchasing an additional 422 shares during the period. 84.05% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on ALRM. Zacks Investment Research cut Alarm.com Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Jefferies Group LLC initiated coverage on Alarm.com Holdings in a report on Friday, October 6th. They set a “hold” rating and a $43.00 price objective for the company. William Blair restated an “outperform” rating on shares of Alarm.com Holdings in a report on Thursday, September 21st. Roth Capital reiterated a “buy” rating and issued a $48.00 target price on shares of Alarm.com Holdings in a report on Friday, September 8th. Finally, Northland Securities set a $45.00 target price on Alarm.com Holdings and gave the stock a “buy” rating in a report on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $43.10.
In related news, 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 transaction, the vice president now owns 127,127 shares in the company, valued at $5,510,955.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Kerzner sold 18,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $37.04, for a total transaction of $685,240.00. Following the sale, the insider now owns 11,065 shares of the company’s stock, valued at $409,847.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 370,942 shares of company stock valued at $15,995,942. 78.50% of the stock is owned by corporate insiders.
Alarm.com Holdings, Inc. (NASDAQ ALRM) traded down 0.54% during mid-day trading on Friday, reaching $48.26. The company’s stock had a trading volume of 416,461 shares. The stock’s 50 day moving average is $45.76 and its 200 day moving average is $45.76. The firm has a market cap of $2.25 billion, a PE ratio of 123.43 and a beta of 1.45. Alarm.com Holdings, Inc. has a one year low of $26.68 and a one year high of $48.98.
Alarm.com Holdings (NASDAQ:ALRM) last released its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.14. Alarm.com Holdings had a negative return on equity of 35.68% and a net margin of 6.50%. The business had revenue of $86.00 million during the quarter, compared to the consensus estimate of $81.05 million. During the same period in the prior year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. On average, analysts anticipate that Alarm.com Holdings, Inc. will post $0.97 EPS for the current year.
Alarm.com Holdings Profile
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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