PNC Financial Services Group Inc. Buys 22,804 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

PNC Financial Services Group Inc. grew its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 98.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,016 shares of the software maker’s stock after acquiring an additional 22,804 shares during the period. PNC Financial Services Group Inc. owned 0.09% of Alarm.com worth $2,798,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ALRM. Centaurus Financial Inc. lifted its stake in Alarm.com by 3.7% in the third quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker’s stock worth $12,937,000 after acquiring an additional 8,456 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Alarm.com by 4.5% in the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker’s stock valued at $16,130,000 after purchasing an additional 11,531 shares in the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Alarm.com in the 4th quarter worth approximately $259,000. Victory Capital Management Inc. boosted its position in Alarm.com by 369.7% during the 3rd quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker’s stock valued at $3,802,000 after acquiring an additional 54,738 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Alarm.com during the third quarter valued at about $1,322,000. 91.74% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alarm.com

In related news, CFO Steve Valenzuela sold 3,436 shares of the firm’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 completion of the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,191,875. This trade represents a 8.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Alarm.com Trading Up 0.8 %

Alarm.com stock opened at $58.49 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The stock has a market cap of $2.90 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 3.59 and a beta of 1.10. The stock has a 50-day moving average of $60.72 and a two-hundred day moving average of $59.42. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $74.97.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). The company had revenue of $242.24 million during the quarter, compared to analysts’ expectations of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. On average, research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

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.