Ameriprise Financial Inc. lessened its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 27.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,013 shares of the software maker’s stock after selling 13,852 shares during the quarter. Ameriprise Financial Inc. owned about 0.08% of Alarm.com Holdings worth $1,392,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. American International Group Inc. boosted its stake in shares of Alarm.com Holdings by 7.1% in the first quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock valued at $195,000 after buying an additional 422 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Alarm.com Holdings by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock valued at $159,000 after buying an additional 632 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Alarm.com Holdings by 57.4% in the second quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock valued at $172,000 after buying an additional 1,673 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Alarm.com Holdings by 95.8% during the second quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock worth $156,000 after purchasing an additional 2,033 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Alarm.com Holdings by 6.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 42,460 shares of the software maker’s stock worth $1,306,000 after purchasing an additional 2,736 shares during the last quarter. Institutional investors own 84.92% of the company’s stock.
Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) opened at $41.64 on Wednesday. Alarm.com Holdings, Inc. has a 1 year low of $26.68 and a 1 year high of $49.49. The company has a debt-to-equity ratio of -0.81, a quick ratio of 2.88 and a current ratio of 3.16. The stock has a market capitalization of $1,923.80, a PE ratio of 45.34, a price-to-earnings-growth ratio of 3.47 and a beta of 1.43.
Alarm.com Holdings (NASDAQ:ALRM) last issued its earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.07. Alarm.com Holdings had a negative return on equity of 42.00% and a net margin of 9.97%. The company had revenue of $90.00 million during the quarter, compared to the consensus estimate of $83.04 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The company’s revenue was up 32.7% compared to the same quarter last year. equities research analysts forecast that Alarm.com Holdings, Inc. will post 0.83 EPS for the current year.
Several brokerages recently issued reports on ALRM. Roth Capital lifted their price objective on Alarm.com Holdings from $43.50 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Credit Suisse Group reissued an “outperform” rating and issued a $46.00 price target (up from $37.00) on shares of Alarm.com Holdings in a report on Wednesday, August 9th. Northland Securities set a $45.00 price target on Alarm.com Holdings and gave the stock a “buy” rating in a report on Wednesday, August 9th. Imperial Capital cut Alarm.com Holdings from an “outperform” rating to an “in-line” rating and boosted their price target for the stock from $40.00 to $45.00 in a report on Thursday, August 10th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $34.00 price target (up from $29.00) on shares of Alarm.com Holdings in a report on Thursday, August 10th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.60.
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In related news, VP Daniel Ramos sold 40,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $43.35, for a total value of $1,734,000.00. Following the transaction, the vice president now owns 127,127 shares in the company, valued at $5,510,955.45. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David Hutz sold 3,500 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $43.82, for a total value of $153,370.00. Following the completion of the transaction, the insider now owns 90,522 shares in the company, valued at approximately $3,966,674.04. The disclosure for this sale can be found here. Insiders sold 310,214 shares of company stock valued at $13,887,962 in the last ninety days. Company insiders own 46.80% of the company’s stock.
Alarm.com Holdings Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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