698,848 Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Purchased by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. acquired a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 698,848 shares of the software maker’s stock, valued at approximately $42,490,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALRM. SBI Securities Co. Ltd. bought a new position in Alarm.com in the 4th quarter valued at about $25,000. C M Bidwell & Associates Ltd. bought a new position in Alarm.com in the 4th quarter valued at about $36,000. Nisa Investment Advisors LLC grew its position in Alarm.com by 134.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after buying an additional 539 shares in the last quarter. Quarry LP grew its position in Alarm.com by 43.0% in the 4th quarter. Quarry LP now owns 1,008 shares of the software maker’s stock valued at $61,000 after buying an additional 303 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Alarm.com by 305.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock valued at $63,000 after buying an additional 779 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

Insider Transactions at Alarm.com

In other Alarm.com news, insider Daniel Kerzner sold 932 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephen Trundle sold 1,553 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $86,175.97. Following the completion of the transaction, the chief executive officer now owns 251,129 shares of the company’s stock, valued at approximately $13,935,148.21. The trade was a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,511 shares of company stock valued at $1,329,787 in the last quarter. Insiders own 5.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Alarm.com Stock Performance

Shares of ALRM opened at $56.94 on Friday. The firm’s 50 day moving average is $54.59 and its 200-day moving average is $59.31. The stock has a market capitalization of $2.83 billion, a P/E ratio of 24.86, a P/E/G ratio of 3.59 and a beta of 1.02. 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 12-month low of $48.23 and a 12-month high of $71.98.

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

About Alarm.com

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.