Cibc World Markets Corp Acquires Shares of 4,430 Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Cibc World Markets Corp acquired a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,430 shares of the software maker’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Alarm.com during the 4th quarter valued at approximately $25,000. Quarry LP increased its stake in Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after purchasing an additional 525 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after purchasing an additional 539 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of 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 period. Finally, GAMMA Investing LLC boosted its holdings in shares of 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 period. Institutional investors own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Alarm.com Stock Up 0.5 %

Alarm.com stock opened at $57.69 on Wednesday. The firm has a market capitalization of $2.86 billion, a P/E ratio of 25.19, a P/E/G ratio of 3.59 and a beta of 1.10. The company has a 50-day simple moving average of $60.35 and a 200-day simple moving average of $59.39. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $74.25. 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 announced its quarterly earnings results 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 firm had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. As a group, equities analysts expect that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Insider Buying and Selling 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 transaction of $200,834.20. Following the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,191,875. This trade represents a 8.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is owned by company insiders.

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.