Peak6 LLC Purchases Shares of 6,617 Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Peak6 LLC purchased a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,617 shares of the software maker’s stock, valued at approximately $402,000.

Several other hedge funds have also recently modified their holdings of ALRM. Vanguard Group Inc. grew its position in Alarm.com by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker’s stock worth $383,091,000 after purchasing an additional 68,907 shares during the last quarter. Norges Bank acquired a new stake in shares of Alarm.com during the fourth quarter worth $34,841,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Alarm.com by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker’s stock valued at $32,247,000 after buying an additional 8,840 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Alarm.com by 120.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker’s stock valued at $24,369,000 after acquiring an additional 219,203 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Alarm.com by 2.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker’s stock worth $23,786,000 after acquiring an additional 9,935 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Insider Buying and Selling

In related news, CEO Stephen Trundle sold 1,553 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $86,175.97. Following the transaction, the chief executive officer now directly owns 251,129 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Also, insider Daniel Kerzner sold 932 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,921 shares of company stock worth $338,727 in the last 90 days. Insiders own 5.60% of the company’s stock.

Alarm.com Stock Down 0.4 %

Alarm.com stock opened at $50.40 on Monday. The business’s 50-day moving average price is $56.67 and its 200 day moving average price is $59.12. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. Alarm.com Holdings, Inc. has a 52 week low of $48.23 and a 52 week high of $71.98.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 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 firm had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. As a group, sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on ALRM shares. The Goldman Sachs Group dropped 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. Barclays dropped their target price on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.20.

Alarm.com Company 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.