Inspire Investing LLC Increases Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Inspire Investing LLC boosted its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 36.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,528 shares of the software maker’s stock after buying an additional 2,003 shares during the quarter. Inspire Investing LLC’s holdings in Alarm.com were worth $412,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALRM. First PREMIER Bank purchased a new stake in Alarm.com in the 1st quarter worth $30,000. Point72 DIFC Ltd grew its position in shares of Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after purchasing an additional 1,101 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Alarm.com during the second quarter worth about $108,000. CWM LLC raised its position in shares of Alarm.com by 42.0% during the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after purchasing an additional 618 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Alarm.com by 8.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after buying an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Insider Activity

In other news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the transaction, the insider now owns 41,100 shares of the company’s stock, valued at $2,540,391. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,260,125. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Alarm.com Stock Performance

NASDAQ ALRM opened at $53.90 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25. The stock’s fifty day moving average is $56.51 and its two-hundred day moving average is $62.83. The firm has a market capitalization of $2.71 billion, a P/E ratio of 31.94, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90. Alarm.com Holdings, Inc. has a fifty-two week low of $49.70 and a fifty-two week high of $77.29.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.09. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The firm had revenue of $233.80 million for the quarter, compared to analysts’ expectations of $227.35 million. During the same quarter in the previous year, the company posted $0.33 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. On average, research analysts anticipate that Alarm.com Holdings, Inc. will post 1.4 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on ALRM. The Goldman Sachs Group began coverage on Alarm.com in a research note on Friday, September 6th. They set a “neutral” rating and a $64.00 price objective for the company. Barclays reduced their price objective on Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Roth Mkm reduced their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $66.75.

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.