Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 12.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,734 shares of the software maker’s stock after acquiring an additional 11,332 shares during the quarter. Barclays PLC owned 0.21% of Alarm.com worth $6,247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in Alarm.com during the fourth quarter valued at approximately $25,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Alarm.com during the 4th quarter valued at $36,000. Nisa Investment Advisors LLC boosted its stake in shares of Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after acquiring an additional 539 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Alarm.com by 305.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock worth $63,000 after acquiring an additional 779 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Alarm.com by 29.5% during the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after purchasing an additional 238 shares during the period. Institutional investors own 91.74% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total transaction of $200,834.20. Following the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,191,875. This represents a 8.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Trundle sold 1,553 shares of Alarm.com stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $86,175.97. Following the completion of the sale, the chief executive officer now directly owns 251,129 shares of the company’s stock, valued at approximately $13,935,148.21. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,921 shares of company stock valued at $338,727 in the last three months. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ALRM shares. Barclays dropped their price target on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group cut their price target on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $61.20.

Alarm.com Price Performance

Shares of ALRM opened at $52.54 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 3.59 and a beta of 1.03. The business’s 50-day moving average is $55.71 and its 200-day moving average is $58.99. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $71.98.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The company had revenue of $242.24 million during the quarter, compared to analysts’ expectations of $237.44 million. Equities research analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS 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.