Susquehanna Fundamental Investments LLC Purchases New Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Susquehanna Fundamental Investments LLC bought a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 56,010 shares of the software maker’s stock, valued at approximately $3,405,000.

A number of other institutional investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in Alarm.com during the 4th quarter worth $25,000. C M Bidwell & Associates Ltd. purchased a new position in Alarm.com in the 4th quarter valued at approximately $36,000. Nisa Investment Advisors LLC raised 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 buying an additional 539 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Alarm.com by 305.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock valued at $63,000 after purchasing an additional 779 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Alarm.com by 29.5% in the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after acquiring an additional 238 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Stock Up 0.8 %

ALRM stock opened at $53.44 on Tuesday. Alarm.com Holdings, Inc. has a 52 week low of $48.23 and a 52 week high of $71.98. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. The firm’s 50-day moving average is $55.39 and its two-hundred day moving average is $59.07. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35.

Alarm.com (NASDAQ:ALRM) last issued 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 analyst estimates of $237.44 million. On average, analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on ALRM shares. The Goldman Sachs Group reduced their price target on Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Barclays cut their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $61.20.

Insider Buying and Selling

In other Alarm.com news, CEO Stephen Trundle sold 1,553 shares of Alarm.com stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value of $86,175.97. Following the completion of the sale, the chief executive officer now directly owns 251,129 shares in the company, valued at $13,935,148.21. The trade was a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction on Wednesday, March 12th. The stock was 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 approximately $2,191,875. This trade represents a 8.39 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,921 shares of company stock worth $338,727. 5.60% of the stock is owned by company insiders.

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.