Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can raised its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 2,394.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 273,730 shares of the software maker’s stock after buying an additional 262,757 shares during the period. Bank of Montreal Can’s holdings in Alarm.com were worth $17,406,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Oak Ridge Investments LLC boosted its holdings in 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 purchasing an additional 173 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of 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 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 buying an additional 232 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Alarm.com by 4.6% during the second quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock worth $381,000 after buying an additional 266 shares during the period. Finally, Swiss National Bank raised its holdings in 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 acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Insider Buying and Selling at Alarm.com

In other news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com 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 transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 sale, the insider now owns 41,100 shares in the company, valued at $2,540,391. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,260,125. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on ALRM. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. The Goldman Sachs Group initiated coverage on shares of Alarm.com in a research note on Friday, September 6th. They set a “neutral” rating and a $64.00 target price for the company. Finally, Barclays cut their price target on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Alarm.com has a consensus rating of “Hold” and an average target price of $69.00.

Alarm.com Trading Up 2.1 %

NASDAQ ALRM opened at $55.33 on Friday. Alarm.com Holdings, Inc. has a 12 month low of $49.70 and a 12 month high of $77.29. The company 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 current ratio of 9.25 and a quick ratio of 8.70. The firm’s fifty day moving average price is $60.27 and its 200 day moving average price is $64.64.

Alarm.com (NASDAQ:ALRM) last posted its 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 business had revenue of $233.80 million for the quarter, compared to analysts’ expectations of $227.35 million. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. On average, sell-side analysts expect that Alarm.com Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.

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.