C M Bidwell & Associates Ltd. Buys New Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

C M Bidwell & Associates Ltd. purchased a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 592 shares of the software maker’s stock, valued at approximately $36,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. raised its stake in Alarm.com by 8.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker’s stock worth $162,000 after buying an additional 200 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Alarm.com by 29.5% in the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after acquiring an additional 238 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Alarm.com in the 4th quarter valued at about $25,000. Quarry LP boosted its position in shares of Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after purchasing an additional 525 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after purchasing an additional 539 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $64.40.

Alarm.com Stock Down 3.1 %

Shares of NASDAQ:ALRM opened at $55.81 on Monday. The firm has a market cap of $2.77 billion, a P/E ratio of 24.37, a PEG ratio of 3.59 and a beta of 1.10. Alarm.com Holdings, Inc. has a 52-week low of $51.87 and a 52-week high of $72.37. The business’s 50 day simple moving average is $60.10 and its two-hundred day simple moving average is $59.45. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85.

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

Insider Buying and Selling

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of Alarm.com stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the completion of the transaction, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,191,875. The trade was a 8.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is currently owned by company 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.