Marshall Wace North America L.P. lowered its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 87.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,850 shares of the software maker’s stock after selling 160,809 shares during the quarter. Marshall Wace North America L.P.’s holdings in Alarm.com Holdings were worth $868,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in Alarm.com Holdings by 40.8% during the 1st quarter. Victory Capital Management Inc. now owns 3,583 shares of the software maker’s stock worth $110,000 after acquiring an additional 1,039 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings 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 acquiring an additional 2,033 shares during the last quarter. Legal & General Group Plc grew its holdings 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 acquiring an additional 1,673 shares during the last quarter. Quantbot Technologies LP bought a new stake in Alarm.com Holdings during the 1st quarter worth about $178,000. Finally, American International Group Inc. grew its holdings 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 acquiring an additional 422 shares during the last quarter. 84.05% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, insider Vii Lp Tcv sold 58,898 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $43.93, for a total transaction of $2,587,389.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David Hutz sold 3,500 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $36.96, for a total value of $129,360.00. Following the sale, the insider now owns 134,522 shares in the company, valued at $4,971,933.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 338,217 shares of company stock worth $14,012,553. Company insiders own 46.80% of the company’s stock.
Alarm.com Holdings, Inc. (NASDAQ:ALRM) opened at 44.63 on Monday. The stock has a 50 day moving average of $41.56 and a 200 day moving average of $35.20. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 114.14 and a beta of 1.48. Alarm.com Holdings, Inc. has a 52 week low of $24.52 and a 52 week high of $45.93.
Alarm.com Holdings (NASDAQ:ALRM) last released its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.14. The company had revenue of $86 million for the quarter, compared to analysts’ expectations of $81.05 million. Alarm.com Holdings had a negative return on equity of 35.68% and a net margin of 6.50%. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 earnings per share. Equities research analysts predict that Alarm.com Holdings, Inc. will post $0.97 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the stock. Roth Capital reissued a “buy” rating and set a $48.00 price objective on shares of Alarm.com Holdings in a report on Friday. Zacks Investment Research raised shares of Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Monday, August 14th. Northland Securities set a $45.00 price objective on shares of Alarm.com Holdings and gave the stock a “buy” rating in a report on Wednesday, August 9th. Stifel Nicolaus reissued a “hold” rating and set a $34.00 price objective (up previously from $29.00) on shares of Alarm.com Holdings in a report on Thursday, August 10th. Finally, Imperial Capital lowered shares of Alarm.com Holdings from an “outperform” rating to an “in-line” rating and increased their price objective for the stock from $40.00 to $45.00 in a report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Alarm.com Holdings presently has an average rating of “Buy” and a consensus target price of $43.11.
About Alarm.com Holdings
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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