First Trust Advisors LP lifted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 62.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,450 shares of the software maker’s stock after acquiring an additional 21,636 shares during the period. First Trust Advisors LP owned 0.12% of Alarm.com Holdings worth $2,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALRM. American International Group Inc. grew its position in Alarm.com Holdings by 7.1% during the 1st quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock worth $195,000 after purchasing an additional 422 shares during the period. Victory Capital Management Inc. grew its position in Alarm.com Holdings by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock worth $159,000 after purchasing an additional 632 shares during the period. Legal & General Group Plc grew its position in Alarm.com Holdings by 57.4% during the 2nd quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after purchasing an additional 1,673 shares during the period. BNP Paribas Arbitrage SA grew its position in Alarm.com Holdings by 95.8% during the 2nd 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 period. Finally, Schwab Charles Investment Management Inc. grew its position in Alarm.com Holdings by 6.9% during the 1st 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 period. 76.39% of the stock is currently owned by hedge funds and other institutional investors.

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Several brokerages have weighed in on ALRM. Northland Securities reaffirmed a “buy” rating and set a $51.00 price target on shares of Alarm.com Holdings in a research report on Friday, October 13th. Bank of America Corporation increased their price target on Alarm.com Holdings from $46.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research downgraded Alarm.com Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Jefferies Group LLC began coverage on Alarm.com Holdings in a research report on Friday, October 6th. They set a “hold” rating and a $43.00 price target on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $38.00 price target (up from $34.00) on shares of Alarm.com Holdings in a research report on Thursday, November 9th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $46.90.

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) opened at $45.75 on Friday. The company has a debt-to-equity ratio of -0.81, a quick ratio of 2.88 and a current ratio of 3.16. Alarm.com Holdings, Inc. has a 12 month low of $26.68 and a 12 month high of $49.49. The stock has a market cap of $2,156.67, a PE ratio of 50.83, a PEG ratio of 3.89 and a beta of 1.43.

Alarm.com Holdings (NASDAQ:ALRM) last posted its earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.07. Alarm.com Holdings had a net margin of 9.97% and a negative return on equity of 42.00%. The business had revenue of $90.00 million for the quarter, compared to analyst estimates of $83.04 million. During the same period in the prior year, the company posted $0.19 EPS. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. research analysts predict that Alarm.com Holdings, Inc. will post 0.83 earnings per share for the current year.

In other news, VP Daniel Ramos sold 19,909 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $47.05, for a total transaction of $936,718.45. Following the sale, the vice president now directly owns 82,327 shares of the company’s stock, valued at approximately $3,873,485.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Stephen Trundle sold 30,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $43.77, for a total transaction of $1,313,100.00. Following the sale, the chief executive officer now directly owns 222,191 shares in the company, valued at $9,725,300.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 356,714 shares of company stock worth $15,956,692. Corporate insiders own 78.50% of the company’s stock.

Alarm.com Holdings 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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Institutional Ownership by Quarter for Alarm.com Holdings (NASDAQ:ALRM)

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