New Age Alpha Advisors LLC Purchases Shares of 2,795 Alarm.com Holdings, Inc. (NASDAQ:ALRM)

New Age Alpha Advisors LLC purchased a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,795 shares of the software maker’s stock, valued at approximately $170,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Alarm.com in the fourth quarter worth about $34,841,000. Disciplined Growth Investors Inc. MN raised its holdings in shares of Alarm.com by 6.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock worth $157,168,000 after acquiring an additional 163,851 shares in the last quarter. FMR LLC boosted its position in shares of Alarm.com by 129.0% during the 3rd quarter. FMR LLC now owns 153,865 shares of the software maker’s stock valued at $8,412,000 after acquiring an additional 86,683 shares during the last quarter. Barclays PLC grew its holdings in shares of Alarm.com by 323.2% in the third quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock valued at $4,997,000 after purchasing an additional 69,804 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Alarm.com by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker’s stock worth $383,091,000 after purchasing an additional 68,907 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total value of $200,834.20. Following the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,191,875. This represents a 8.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.60% of the stock is currently owned by insiders.

Alarm.com Price Performance

Alarm.com stock opened at $55.75 on Thursday. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $71.98. 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 firm has a 50-day moving average price of $59.74 and a 200-day moving average price of $59.44. The firm has a market capitalization of $2.77 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The business had revenue of $242.24 million for the quarter, compared to analysts’ expectations of $237.44 million. As a group, equities research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Alarm.com 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.