Los Angeles Capital Management LLC Has $1.27 Million Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Los Angeles Capital Management LLC lifted its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 37.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,587 shares of the software maker’s stock after buying an additional 5,350 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Alarm.com were worth $1,266,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its position in Alarm.com by 1.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,121 shares of the software maker’s stock worth $1,047,000 after acquiring an additional 188 shares during the period. Arizona State Retirement System boosted its stake in shares of Alarm.com by 1.8% in the third quarter. Arizona State Retirement System now owns 13,481 shares of the software maker’s stock valued at $824,000 after buying an additional 238 shares during the period. Parkside Financial Bank & Trust grew its position in Alarm.com by 10.5% during the third quarter. Parkside Financial Bank & Trust now owns 2,642 shares of the software maker’s stock worth $162,000 after buying an additional 250 shares in the last quarter. Cardinal Capital Management increased its stake in Alarm.com by 2.4% during the 4th quarter. Cardinal Capital Management now owns 12,456 shares of the software maker’s stock worth $805,000 after acquiring an additional 294 shares during the period. Finally, Signaturefd LLC raised its holdings in Alarm.com by 474.7% in the 3rd quarter. Signaturefd LLC now owns 500 shares of the software maker’s stock valued at $31,000 after acquiring an additional 413 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Analysts Set New Price Targets

ALRM has been the topic of a number of recent analyst reports. Barclays raised 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. StockNews.com upgraded shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. lifted their price objective on shares of Alarm.com from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Finally, TheStreet upgraded Alarm.com from a “c+” rating to a “b-” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alarm.com presently has a consensus rating of “Buy” and an average target price of $68.83.

Insiders Place Their Bets

In related news, insider Daniel Ramos sold 1,418 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $99,260.00. Following the completion of the sale, the insider now directly owns 38,282 shares in the company, valued at $2,679,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alarm.com news, insider Daniel Kerzner sold 28,433 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $69.98, for a total value of $1,989,741.34. Following the transaction, the insider now directly owns 57,351 shares of the company’s stock, valued at $4,013,422.98. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel Ramos sold 1,418 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total transaction of $99,260.00. Following the sale, the insider now directly owns 38,282 shares of the company’s stock, valued at approximately $2,679,740. The disclosure for this sale can be found here. Insiders have sold 111,532 shares of company stock valued at $8,116,333 in the last ninety days. 5.60% of the stock is currently owned by insiders.

Alarm.com Stock Performance

Shares of Alarm.com stock opened at $68.61 on Thursday. The company’s 50 day moving average price is $70.31 and its two-hundred day moving average price is $64.04. The firm has a market capitalization of $3.44 billion, a P/E ratio of 44.84, a P/E/G ratio of 3.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.46 and a quick ratio of 4.91. Alarm.com Holdings, Inc. has a fifty-two week low of $45.71 and a fifty-two week high of $77.29.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $226.20 million for the quarter, compared to analyst estimates of $224.93 million. Alarm.com had a net margin of 9.19% and a return on equity of 11.61%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business earned $0.33 EPS. On average, equities analysts forecast that Alarm.com Holdings, Inc. will post 1.39 earnings per share for the current fiscal year.

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.