Montanaro Asset Management Ltd Purchases 14,400 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Montanaro Asset Management Ltd increased its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 238,300 shares of the software maker’s stock after purchasing an additional 14,400 shares during the quarter. Alarm.com makes up about 3.0% of Montanaro Asset Management Ltd’s holdings, making the stock its 14th biggest position. Montanaro Asset Management Ltd owned approximately 0.48% of Alarm.com worth $14,489,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ALRM. Thrivent Financial for Lutherans boosted its stake in shares of Alarm.com by 2.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 42,635 shares of the software maker’s stock worth $2,330,000 after buying an additional 971 shares during the last quarter. Intech Investment Management LLC purchased a new position in Alarm.com in the third quarter worth $811,000. Charles Schwab Investment Management Inc. grew its stake in Alarm.com by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock valued at $28,513,000 after purchasing an additional 7,567 shares during the period. Fisher Asset Management LLC increased its position in shares of Alarm.com by 8.5% during the 3rd quarter. Fisher Asset Management LLC now owns 232,424 shares of the software maker’s stock valued at $12,707,000 after purchasing an additional 18,263 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Alarm.com by 2.7% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 22,540 shares of the software maker’s stock worth $1,233,000 after purchasing an additional 590 shares during the period. 91.74% of the stock is owned by institutional investors.

Insider Activity at Alarm.com

In other 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 directly owns 37,500 shares of the company’s stock, valued at $2,191,875. This trade represents a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.60% of the stock is owned by company insiders.

Alarm.com Stock Up 0.1 %

ALRM stock opened at $57.76 on Thursday. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $74.25. The stock has a fifty day moving average of $60.28 and a 200-day moving average of $59.38. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 3.59 and a beta of 1.10. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85.

Alarm.com (NASDAQ:ALRM) last issued its 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 return on equity of 13.55% and a net margin of 13.21%. The business had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. As a group, equities research analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of 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 given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $64.40.

Alarm.com 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.