Centaurus Financial Inc. Raises Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Centaurus Financial Inc. raised its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,201 shares of the software maker’s stock after acquiring an additional 3,793 shares during the period. Alarm.com makes up approximately 1.1% of Centaurus Financial Inc.’s holdings, making the stock its 12th biggest holding. Centaurus Financial Inc. owned approximately 0.44% of Alarm.com worth $14,165,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ALRM. Swiss National Bank increased its position in shares of Alarm.com by 1.6% during the 3rd quarter. Swiss National Bank now owns 104,000 shares of the software maker’s stock valued at $6,359,000 after purchasing an additional 1,600 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Alarm.com by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 469,746 shares of the software maker’s stock valued at $28,720,000 after acquiring an additional 27,243 shares during the last quarter. Pathstone Family Office LLC grew its position in Alarm.com by 184.2% in the 3rd quarter. Pathstone Family Office LLC now owns 14,266 shares of the software maker’s stock valued at $881,000 after acquiring an additional 9,247 shares during the last quarter. HighTower Advisors LLC grew its position in Alarm.com by 3.4% in the 3rd quarter. HighTower Advisors LLC now owns 13,690 shares of the software maker’s stock valued at $843,000 after acquiring an additional 448 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Alarm.com by 54.4% in the 3rd quarter. Deutsche Bank AG now owns 35,729 shares of the software maker’s stock valued at $2,184,000 after acquiring an additional 12,589 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Alarm.com Stock Down 0.9 %

Shares of NASDAQ ALRM traded down $0.55 during mid-day trading on Friday, reaching $61.84. 869,550 shares of the company were exchanged, compared to its average volume of 578,166. The company has a quick ratio of 5.03, a current ratio of 5.51 and a debt-to-equity ratio of 0.68. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 36.59, a P/E/G ratio of 3.04 and a beta of 0.88. Alarm.com Holdings, Inc. has a 1 year low of $48.01 and a 1 year high of $77.29. The firm has a 50-day moving average of $66.46 and a 200 day moving average of $66.13.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, May 9th. The software maker reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $223.28 million during the quarter, compared to analysts’ expectations of $218.32 million. Alarm.com had a return on equity of 12.14% and a net margin of 10.08%. On average, research analysts expect that Alarm.com Holdings, Inc. will post 1.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

ALRM has been the topic of several research analyst reports. William Blair raised Alarm.com to a “hold” rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. upped their price objective on Alarm.com from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. TheStreet raised Alarm.com from a “c+” rating to a “b-” rating in a research report on Friday, February 23rd. Barclays increased their price target on Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Finally, StockNews.com downgraded Alarm.com from a “strong-buy” rating to a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.83.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 1,716 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $120,120.00. Following the completion of the sale, the chief financial officer now directly owns 35,784 shares in the company, valued at $2,504,880. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Daniel Ramos sold 1,418 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $99,260.00. Following the transaction, the insider now directly owns 38,282 shares of the company’s stock, valued at $2,679,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steve Valenzuela sold 1,716 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total value of $120,120.00. Following the completion of the transaction, the chief financial officer now directly owns 35,784 shares in the company, valued at $2,504,880. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,351 shares of company stock worth $444,570. 5.60% of the stock is owned by 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.