5,652 Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Purchased by XTX Topco Ltd

XTX Topco Ltd bought a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,652 shares of the software maker’s stock, valued at approximately $359,000.

Several other institutional investors also recently made changes to their positions in the stock. Oak Ridge Investments LLC grew its stake in Alarm.com by 0.3% during the 1st quarter. Oak Ridge Investments LLC now owns 63,176 shares of the software maker’s stock worth $4,578,000 after buying an additional 173 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Alarm.com by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after acquiring an additional 183 shares during the period. Arizona State Retirement System grew its position in shares of Alarm.com by 1.8% during the second quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after acquiring an additional 232 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Alarm.com by 4.6% in the 2nd quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock worth $381,000 after acquiring an additional 266 shares during the period. Finally, Swiss National Bank lifted its position in Alarm.com by 0.3% in the 1st 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. 91.74% of the stock is owned by institutional investors.

Alarm.com Price Performance

NASDAQ ALRM opened at $54.21 on Friday. The firm has a market capitalization of $2.72 billion, a PE ratio of 32.08, a P/E/G ratio of 3.38 and a beta of 0.90. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70. Alarm.com Holdings, Inc. has a 12 month low of $49.70 and a 12 month high of $77.29. The company’s 50 day simple moving average is $60.50 and its 200 day simple moving average is $64.85.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. The company had revenue of $233.80 million for the quarter, compared to the consensus estimate of $227.35 million. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 EPS. As a group, equities research analysts forecast that Alarm.com Holdings, Inc. will post 1.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Barclays lowered their target price on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 11th. Finally, 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 on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $69.00.

Insider Activity

In related news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 41,100 shares of the company’s stock, valued at $2,540,391. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction that occurred on Friday, August 23rd. The shares were 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 $2,540,391. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value 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 disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

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.