Magnetar Financial LLC Buys New Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Magnetar Financial LLC bought a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,227 shares of the software maker’s stock, valued at approximately $318,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Alarm.com in the 4th quarter valued at approximately $25,000. Quarry LP raised its position in Alarm.com by 291.7% in the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after buying an additional 525 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Alarm.com by 134.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after buying an additional 539 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Alarm.com by 305.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock valued at $63,000 after buying an additional 779 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Alarm.com by 29.5% in the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after buying an additional 238 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Alarm.com Stock Down 0.7 %

ALRM stock opened at $56.54 on Friday. 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 business has a 50 day moving average price of $60.45 and a two-hundred day moving average price of $59.37. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 3.59 and a beta of 1.10. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $74.25.

Alarm.com (NASDAQ:ALRM) last posted 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. Analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Insider Transactions at Alarm.com

In other news, CFO Steve Valenzuela sold 3,436 shares of Alarm.com stock in a transaction that occurred on 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 directly owns 37,500 shares in the company, valued at approximately $2,191,875. The trade was a 8.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.