Alarm.com Holdings, Inc. (NASDAQ:ALRM) is Disciplined Growth Investors Inc. MN’s 7th Largest Position

Disciplined Growth Investors Inc. MN raised its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,710,998 shares of the software maker’s stock after purchasing an additional 158,465 shares during the period. Alarm.com makes up about 3.2% of Disciplined Growth Investors Inc. MN’s investment portfolio, making the stock its 7th largest holding. Disciplined Growth Investors Inc. MN owned 5.40% of Alarm.com worth $172,257,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ALRM. Vanguard Group Inc. grew its stake in shares of Alarm.com by 1.1% in 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 grew its position in Alarm.com by 3.8% in 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 purchased a new stake in Alarm.com during the 4th quarter valued at $33,277,000. Bank of New York Mellon Corp lifted its holdings in shares of Alarm.com by 15.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker’s stock valued at $30,051,000 after buying an additional 64,424 shares during the period. Finally, Summit Creek Advisors LLC lifted its holdings in shares of 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 buying an additional 30,849 shares during the period. Institutional investors own 91.74% of the company’s stock.

Alarm.com Stock Up 2.1 %

NASDAQ ALRM opened at $55.33 on Friday. Alarm.com Holdings, Inc. has a 52 week low of $49.70 and a 52 week high of $77.29. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $2.78 billion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 3.38 and a beta of 0.90. The stock’s 50-day moving average price is $60.27 and its 200-day moving average price is $64.64.

Alarm.com (NASDAQ:ALRM) last released 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 company had revenue of $233.80 million for the quarter, compared to analysts’ expectations of $227.35 million. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 EPS. On average, equities research analysts predict that Alarm.com Holdings, Inc. will post 1.4 earnings per share for the current year.

Insider Activity at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction 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 completion of the sale, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 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 owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on ALRM. Barclays reduced their price objective on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, July 11th. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, The Goldman Sachs Group started coverage on shares of Alarm.com in a report on Friday, September 6th. They issued a “neutral” rating and a $64.00 price objective on the stock. Four equities 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 stock currently has a consensus rating of “Hold” and an average 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.