Norges Bank Acquires New Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Norges Bank bought a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the fourth quarter, Holdings Channel.com reports. The fund bought 573,047 shares of the software maker’s stock, valued at approximately $34,841,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its stake in shares of Alarm.com by 8.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker’s stock worth $162,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC raised its position in Alarm.com by 29.5% in the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after acquiring an additional 238 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Alarm.com in the 4th quarter valued at about $25,000. Quarry LP boosted its position in shares of Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after purchasing an additional 525 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Alarm.com by 134.8% in the 4th 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 last quarter. 91.74% of the stock is owned by institutional investors.

Insider Buying and Selling at Alarm.com

In related news, insider Daniel Kerzner sold 932 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68. Following the transaction, the insider now directly owns 58,736 shares of the company’s stock, valued at approximately $3,259,260.64. The trade was a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Steve Valenzuela sold 3,436 shares of the 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 sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,191,875. The trade was a 8.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,921 shares of company stock valued at $338,727 in the last three months. 5.60% of the stock is currently owned by company insiders.

Alarm.com Trading Down 3.0 %

Shares of ALRM opened at $50.93 on Friday. The business’s 50-day moving average price is $59.33 and its 200 day moving average price is $59.40. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $2.53 billion, a P/E ratio of 22.24, a P/E/G ratio of 3.59 and a beta of 1.03. Alarm.com Holdings, Inc. has a 1-year low of $50.44 and a 1-year high of $71.98.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share 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 analysts’ expectations of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Analysts expect that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research note 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $64.40.

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.