Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Purchased by Argent Capital Management LLC

Argent Capital Management LLC increased its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 15.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,121 shares of the software maker’s stock after acquiring an additional 684 shares during the quarter. Argent Capital Management LLC’s holdings in Alarm.com were worth $280,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALRM. Oakworth Capital Inc. acquired a new stake in shares of Alarm.com during the 3rd quarter worth about $38,000. Point72 DIFC Ltd boosted its holdings in shares of Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after acquiring an additional 1,101 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Alarm.com during the second quarter worth $108,000. CWM LLC boosted its stake in shares of Alarm.com by 42.0% in the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after buying an additional 618 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Alarm.com by 8.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after buying an additional 183 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on ALRM. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. The Goldman Sachs Group started coverage on Alarm.com in a research note on Friday, September 6th. They issued a “neutral” rating and a $64.00 price objective on the stock. Roth Mkm decreased their price objective on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Barclays cut their target price on Alarm.com from $72.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Four research analysts have rated the stock with a hold rating and two 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 target price of $66.75.

Insider Transactions at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the sale, the insider now owns 41,100 shares in the company, valued at $2,540,391. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Steve Valenzuela sold 7,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at $2,260,125. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Alarm.com Stock Performance

Alarm.com stock traded up $0.36 during midday trading on Thursday, reaching $54.16. The stock had a trading volume of 67,073 shares, compared to its average volume of 365,488. Alarm.com Holdings, Inc. has a 12 month low of $49.70 and a 12 month high of $77.29. The firm’s 50-day moving average price is $55.77 and its 200 day moving average price is $62.26. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $2.72 billion, a PE ratio of 32.11, a P/E/G ratio of 3.22 and a beta of 0.90.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.09. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The business had revenue of $233.80 million during the quarter, compared to the consensus estimate of $227.35 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, research analysts predict that Alarm.com Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.

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.