Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 392,711 shares of the software maker’s stock after purchasing an additional 22,831 shares during the period. Deutsche Bank AG owned about 0.79% of Alarm.com worth $23,877,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Alarm.com in the fourth quarter valued at approximately $34,841,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Alarm.com in the fourth quarter worth $27,506,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Alarm.com by 120.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker’s stock worth $24,369,000 after acquiring an additional 219,203 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Alarm.com during the fourth quarter worth $8,156,000. Finally, Barclays PLC raised its stake in shares of Alarm.com by 323.2% in the third quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock valued at $4,997,000 after acquiring an additional 69,804 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. The Goldman Sachs Group lowered their target price on Alarm.com from $66.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Raymond James lowered their price objective on Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating for the company in a research report on Friday, May 9th. Finally, 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.33.

Alarm.com Stock Down 1.2%

Shares of NASDAQ ALRM opened at $59.96 on Thursday. The business has a 50-day moving average of $54.59 and a two-hundred day moving average of $59.13. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a 1 year low of $48.23 and a 1 year high of $71.98. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38.

Alarm.com (NASDAQ:ALRM) last issued its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. On average, analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 value of $200,834.20. Following the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,191,875. This trade represents a 8.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel Kerzner sold 932 shares of Alarm.com stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the sale, the insider now owns 58,736 shares in the company, valued at $3,259,260.64. This represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,921 shares of company stock valued at $338,727. 5.80% of the stock is owned by corporate insiders.

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.