Brown Advisory Inc. lifted its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 27.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,424 shares of the software maker’s stock after purchasing an additional 29,698 shares during the period. Brown Advisory Inc. owned about 0.29% of Alarm.com worth $6,164,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its position in shares of Alarm.com by 53.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 93,368 shares of the software maker’s stock worth $4,219,000 after purchasing an additional 32,704 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Alarm.com by 20.0% during the third quarter. Wells Fargo & Company MN now owns 105,582 shares of the software maker’s stock worth $4,771,000 after purchasing an additional 17,625 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Alarm.com during the third quarter worth about $3,269,000. Legal & General Group Plc lifted its position in shares of Alarm.com by 73.8% during the third quarter. Legal & General Group Plc now owns 7,972 shares of the software maker’s stock worth $360,000 after purchasing an additional 3,386 shares during the last quarter. Finally, Jasper Ridge Partners L.P. bought a new position in shares of Alarm.com during the third quarter worth about $213,000. 83.16% of the stock is currently owned by institutional investors and hedge funds.
In other Alarm.com news, insider Vii Lp Tcv sold 121,885 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $42.40, for a total value of $5,167,924.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen Trundle sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $43.77, for a total transaction of $1,313,100.00. Following the completion of the sale, the chief executive officer now owns 222,191 shares in the company, valued at approximately $9,725,300.07. The disclosure for this sale can be found here. In the last quarter, insiders have sold 390,057 shares of company stock worth $17,119,291. 46.80% of the stock is owned by company insiders.
Several equities analysts have recently commented on ALRM shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $38.00 price target (up previously from $34.00) on shares of Alarm.com in a research report on Thursday, November 9th. Credit Suisse Group reaffirmed an “outperform” rating and set a $52.00 price target (up previously from $46.00) on shares of Alarm.com in a research report on Thursday, November 9th. William Blair reiterated an “outperform” rating on shares of Alarm.com in a research note on Thursday, September 21st. Northland Securities reiterated a “buy” rating and set a $51.00 price objective on shares of Alarm.com in a research note on Friday, October 13th. Finally, Bank of America increased their price objective on shares of Alarm.com from $46.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Five 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 stock. Alarm.com currently has an average rating of “Buy” and a consensus target price of $46.90.
Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) opened at $37.58 on Tuesday. The firm has a market cap of $1,852.62, a PE ratio of 43.67, a P/E/G ratio of 3.34 and a beta of 1.27. Alarm.com Holdings, Inc. has a 12 month low of $26.68 and a 12 month high of $49.49. 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 (NASDAQ:ALRM) last released its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.07. The firm had revenue of $90.00 million for the quarter, compared to analyst estimates of $83.04 million. Alarm.com had a net margin of 9.97% and a negative return on equity of 42.00%. Alarm.com’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. analysts expect that Alarm.com Holdings, Inc. will post 0.83 EPS for the current year.
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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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