Swedbank AB increased its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM – Free Report) by 713.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,316 shares of the software maker’s stock after buying an additional 39,743 shares during the quarter. Swedbank AB owned about 0.09% of Alarm.com worth $2,312,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Alarm.com by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,286,541 shares of the software maker’s stock valued at $320,739,000 after buying an additional 53,664 shares during the period. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Alarm.com by 3.0% in the second quarter. Disciplined Growth Investors Inc. MN now owns 3,491,824 shares of the software maker’s stock valued at $197,532,000 after buying an additional 102,481 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Alarm.com by 4.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,080,076 shares of the software maker’s stock valued at $57,328,000 after buying an additional 43,683 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in shares of Alarm.com by 1.4% in the third quarter. Burgundy Asset Management Ltd. now owns 999,208 shares of the software maker’s stock valued at $58,584,000 after buying an additional 13,326 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Alarm.com by 101,569.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 947,556 shares of the software maker’s stock valued at $48,344,000 after buying an additional 946,624 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.
Alarm.com Stock Up 0.0%
Shares of Alarm.com stock opened at $43.90 on Thursday. The firm has a market capitalization of $2.17 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 1.54 and a beta of 0.79. Alarm.com Holdings, Inc. has a 12-month low of $41.49 and a 12-month high of $59.98. The company has a quick ratio of 4.55, a current ratio of 5.16 and a debt-to-equity ratio of 0.57. The stock’s fifty day moving average is $44.33 and its 200-day moving average is $47.84.
Insiders Place Their Bets
In related news, CEO Stephen Trundle sold 2,944 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $43.56, for a total transaction of $128,240.64. Following the transaction, the chief executive officer directly owned 330,915 shares of the company’s stock, valued at approximately $14,414,657.40. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Christopher Bradley sold 1,510 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $45.97, for a total value of $69,414.70. Following the completion of the transaction, the chief financial officer directly owned 51,546 shares in the company, valued at approximately $2,369,569.62. The trade was a 2.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,930 shares of company stock valued at $349,070 over the last ninety days. Corporate insiders own 5.80% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on ALRM. Barclays upped their price objective on Alarm.com from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. JPMorgan Chase & Co. cut their target price on Alarm.com from $55.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 18th. Zacks Research lowered Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alarm.com in a research report on Friday, April 24th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $47.50.
View Our Latest Report on ALRM
Alarm.com Company Profile
Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company’s interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.
Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.
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