Connor Clark & Lunn Investment Management Ltd. Has $13.34 Million Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 31.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 219,456 shares of the software maker’s stock after buying an additional 52,062 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.44% of Alarm.com worth $13,343,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Wealthfront Advisers LLC acquired a new position in shares of Alarm.com during the fourth quarter worth approximately $1,738,000. Daiwa Securities Group Inc. lifted its holdings in shares of 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. Amundi increased its position in shares of Alarm.com by 37.4% during the fourth quarter. Amundi now owns 16,419 shares of the software maker’s stock valued at $993,000 after purchasing an additional 4,465 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Alarm.com by 98.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 46,016 shares of the software maker’s stock valued at $2,798,000 after purchasing an additional 22,804 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in shares of Alarm.com during the fourth quarter valued at approximately $2,083,000. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Stock Performance

Shares of NASDAQ:ALRM opened at $58.49 on Friday. The business’s fifty day moving average price is $60.72 and its two-hundred day moving average price is $59.42. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $74.97. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 3.59 and a beta of 1.10. 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 announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The company had revenue of $242.24 million during the quarter, compared to the consensus estimate of $237.44 million. As a group, analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the transaction, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,191,875. The trade was a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.60% of the company’s stock.

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.