3,364 Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,364 shares of the software maker’s stock, valued at approximately $205,000.

A number of other large investors have also recently bought and sold shares of the company. Algert Global LLC grew its stake in Alarm.com by 30.7% during the fourth quarter. Algert Global LLC now owns 245,270 shares of the software maker’s stock worth $14,912,000 after buying an additional 57,664 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Alarm.com during the fourth quarter worth about $8,156,000. Northern Trust Corp grew its stake in Alarm.com by 1.5% during the fourth quarter. Northern Trust Corp now owns 704,309 shares of the software maker’s stock worth $42,822,000 after buying an additional 10,674 shares in the last quarter. Quarry LP grew its stake in Alarm.com by 43.0% during the fourth quarter. Quarry LP now owns 1,008 shares of the software maker’s stock worth $61,000 after buying an additional 303 shares in the last quarter. Finally, Aquatic Capital Management LLC grew its stake in Alarm.com by 14.4% during the fourth quarter. Aquatic Capital Management LLC now owns 12,930 shares of the software maker’s stock worth $786,000 after buying an additional 1,630 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALRM has been the topic of a number of research analyst reports. Raymond James reduced their price target on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a research note on Friday, May 9th. Barclays reduced their price target on shares of Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Finally, The Goldman Sachs Group reduced their price target on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.33.

Insider Buying and Selling

In related news, insider Daniel Kerzner sold 932 shares of Alarm.com stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68. Following the sale, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen Trundle sold 1,553 shares of Alarm.com stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $86,175.97. Following the sale, the chief executive officer now owns 251,129 shares in the company, valued at approximately $13,935,148.21. This represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,921 shares of company stock worth $338,727 in the last ninety days. Company insiders own 5.80% of the company’s stock.

Alarm.com Stock Down 1.2%

NASDAQ:ALRM opened at $59.96 on Thursday. The firm’s 50 day simple moving average is $54.59 and its 200 day simple moving average is $59.13. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $71.98. The company has a market cap of $2.98 billion, a PE ratio of 26.18, a P/E/G ratio of 3.59 and a beta of 1.02.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The business had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. On average, research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Alarm.com Company Profile

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.