Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Purchased by Select Equity Group L.P.

Select Equity Group L.P. grew its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 5.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,614 shares of the software maker’s stock after purchasing an additional 1,709 shares during the period. Select Equity Group L.P. owned 0.06% of Alarm.com worth $1,945,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Alarm.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker’s stock worth $426,190,000 after acquiring an additional 63,653 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Alarm.com by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker’s stock worth $73,889,000 after purchasing an additional 42,281 shares during the period. Norges Bank bought a new stake in shares of Alarm.com in the 4th quarter worth approximately $33,277,000. Bank of New York Mellon Corp lifted its holdings in shares of Alarm.com by 15.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker’s stock worth $30,051,000 after purchasing an additional 64,424 shares during the last quarter. Finally, Summit Creek Advisors LLC boosted its position in Alarm.com by 11.5% during the 2nd quarter. Summit Creek Advisors LLC now owns 298,422 shares of the software maker’s stock valued at $18,962,000 after purchasing an additional 30,849 shares during the period. 91.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ALRM. The Goldman Sachs Group started coverage on Alarm.com in a research note on Friday, September 6th. They issued a “neutral” rating and a $64.00 target price on the stock. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, Barclays reduced their target price on shares of 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $69.00.

Insider Buying and Selling at Alarm.com

In other news, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the sale, the chief financial officer now owns 37,500 shares in the company, valued at $2,260,125. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction dated 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 directly owns 37,500 shares in the company, valued at $2,260,125. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the insider now directly owns 41,100 shares of the company’s stock, valued at $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 Price Performance

Shares of ALRM opened at $55.33 on Friday. The stock’s fifty day moving average is $60.27 and its 200-day moving average is $64.71. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 3.38 and a beta of 0.90. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25. Alarm.com Holdings, Inc. has a one year low of $49.70 and a one year high of $77.29.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results 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 net margin of 11.92% and a return on equity of 13.00%. Alarm.com’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. Equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.4 EPS for the current year.

Alarm.com 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.