YorkBridge Wealth Partners LLC increased its stake in Alarm.com Holdings, Inc. (NASDAQ: ALRM – Get an assessment) by 53.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The company held 4,287 shares of the software maker after buying an additional 1,494 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Alarm.com were worth $285,000 when it last filed with the Securities and Exchange Commission.
Several other hedge funds have also recently changed their ALRM holdings. Morgan Stanley increased its stake in shares of Alarm.com by 12.6% in the third quarter. Morgan Stanley now owns 228,674 shares of the software maker valued at $17,880,000 after buying an additional 25,622 shares during the period. Royal Bank of Canada increased its position in Alarm.com shares by 1.6% during the third quarter. Royal Bank of Canada now owns 25,849 shares of the software maker valued at $2,021,000 after buying 405 more shares last quarter. Marshall Wace LLP purchased a new stake in shares of Alarm.com during Q3, valued at approximately $279,000. MML Investors Services LLC increased its position in Alarm.com shares by 11.2% during the third quarter. MML Investors Services LLC now owns 3,161 shares of the software maker valued at $247,000 after buying 319 additional shares last quarter. Finally, Wellington Management Group LLP increased its position in Alarm.com shares by 2.3% during the third quarter. Wellington Management Group LLP now owns 483,533 shares of the software maker valued at $37,807,000 after buying an additional 11,099 shares last quarter. 91.77% of the shares are held by institutional investors.
Shares of NASDAQ: ALRM opened at $64.06 on Monday. The company’s 50-day simple moving average is $61.17 and its two-hundred-day simple moving average is $67.94. The company has a market capitalization of $3.21 billion, a P/E ratio of 71.18, a PEG ratio of 3.82 and a beta of 1.21. The company has a debt ratio of 0.87, a quick ratio of 7.46 and a current ratio of 8.27. Alarm.com Holdings, Inc. has a 52 week low of $54.99 and a 52 week high of $94.45.
Alarme.com (NASDAQ: ALRM – Get an assessment) last announced its quarterly results on Thursday, May 5. The software maker reported earnings per share (EPS) of $0.23 for the quarter, beating the consensus estimate of $0.17 by $0.06. The company posted revenue of $205.40 million for the quarter, versus analyst estimates of $192.02 million. Alarm.com had a return on equity of 11.71% and a net margin of 5.95%. The company’s quarterly revenue increased 19.1% year over year. In the same quarter of the previous year, the company had earned earnings per share of $0.38. On average, stock analysts expect Alarm.com Holdings, Inc. to post 1.12 earnings per share for the current fiscal year.
Several equity research analysts have recently commented on ALRM shares. TheStreet downgraded Alarm.com from a “b-” rating to a “c” rating in a Thursday, March 10 research report. Barclays reduced its target price on Alarm.com from $70.00 to $63.00 in a Monday May 9 research report. StockNews.com downgraded Alarm.com from a “buy” rating to a “hold” rating in a Wednesday, May 11 research report. Finally, Bank of America began covering Alarm.com in a research report on Wednesday, April 20. They set a “buy” rating and a target price of $75.00 on the stock. Three investment analysts gave the stock a hold rating, three gave the company a buy rating and one gave the company a high buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.60.
In other news, CEO Stephen Trundle sold 5,305 shares of the company in a transaction that took place on Monday, April 4. The stock was sold at an average price of $67.84, for a total value of $359,891.20. As a result of the transaction, the CEO now owns 204,539 shares of the company, valued at $13,875,925.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Also, Vice President Daniel Ramos sold 1,998 shares of the company in a trade that took place on Monday, April 4. The shares were sold at an average price of $67.84, for a total value of $135,544.32. Following the completion of the transaction, the vice president now owns 32,502 shares of the company, valued at approximately $2,204,935.68. Disclosure of this sale can be found here. Insiders sold 22,776 shares of the company worth $1,440,861 in the past 90 days. Company insiders own 6.70% of the company’s shares.
Alarm.com Company Profile (Get an assessment)
Alarm.com Holdings, Inc provides cloud-based solutions for smart residential and commercial properties in the United States and around the world. It operates in two segments, Alarm.com and Others. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, door locks, garage doors, Internet of objects, thermostats and video cameras; and video surveillance solutions, such as video analytics, live streaming, video doorbell, video clips, video alerts, high definition continuous recording and commercial video surveillance solutions.
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