Rhumbline Advisers Raises Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Rhumbline Advisers grew its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 139,560 shares of the software maker’s stock after acquiring an additional 812 shares during the quarter. Rhumbline Advisers owned about 0.28% of Alarm.com worth $8,868,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Oak Ridge Investments LLC lifted its position in shares of Alarm.com by 0.3% in the first quarter. Oak Ridge Investments LLC now owns 63,176 shares of the software maker’s stock valued at $4,578,000 after acquiring an additional 173 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of Alarm.com by 4.2% in the fourth quarter. QRG Capital Management Inc. now owns 5,681 shares of the software maker’s stock valued at $367,000 after purchasing an additional 229 shares during the last quarter. Swiss National Bank increased its holdings in shares of Alarm.com by 0.3% in the first quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock valued at $6,790,000 after purchasing an additional 300 shares during the last quarter. First PREMIER Bank acquired a new stake in shares of Alarm.com in the first quarter valued at approximately $30,000. Finally, SG Americas Securities LLC increased its holdings in shares of Alarm.com by 15.2% in the first quarter. SG Americas Securities LLC now owns 3,384 shares of the software maker’s stock valued at $245,000 after purchasing an additional 446 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Insider Activity

In other news, insider Daniel Ramos sold 9,476 shares of the company’s 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was 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 in the company, valued at $2,260,125. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Ramos sold 9,476 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the transaction, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Alarm.com Stock Down 0.4 %

Shares of NASDAQ ALRM opened at $54.01 on Friday. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52. The stock has a fifty day moving average price of $63.03 and a 200 day moving average price of $66.32. The company has a market cap of $2.71 billion, a P/E ratio of 31.96, a P/E/G ratio of 3.30 and a beta of 0.90. Alarm.com Holdings, Inc. has a 12-month low of $49.70 and a 12-month high of $77.29.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 EPS 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 company had revenue of $233.80 million for the quarter, compared to analyst estimates of $227.35 million. During the same quarter last year, the business earned $0.33 earnings per share. Alarm.com’s revenue was up 4.4% compared to the same quarter last year. Research analysts anticipate that Alarm.com Holdings, Inc. will post 1.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Alarm.com in a research note on Friday, September 6th. They set a “neutral” rating and a $64.00 target price for the company. Barclays cut their target price on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, July 11th. Finally, StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $69.00.

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.