The Manufacturers Life Insurance Company boosted its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 88.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,761 shares of the software maker’s stock after purchasing an additional 7,877 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Alarm.com Holdings were worth $630,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Pier Capital LLC acquired a new position in Alarm.com Holdings during the 2nd quarter valued at approximately $5,916,000. Schwab Charles Investment Management Inc. boosted its position in Alarm.com Holdings by 42.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 60,664 shares of the software maker’s stock valued at $2,283,000 after purchasing an additional 18,204 shares during the period. Oak Ridge Investments LLC acquired a new position in Alarm.com Holdings during the 2nd quarter valued at approximately $19,059,000. Alliancebernstein L.P. boosted its position in Alarm.com Holdings by 107.2% during the 2nd quarter. Alliancebernstein L.P. now owns 28,600 shares of the software maker’s stock valued at $1,076,000 after purchasing an additional 14,800 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Alarm.com Holdings by 26.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,496 shares of the software maker’s stock valued at $415,000 after purchasing an additional 2,795 shares during the period. Institutional investors and hedge funds own 76.39% of the company’s stock.
Shares of Alarm.com Holdings, Inc. (NASDAQ ALRM) opened at $45.33 on Tuesday. The company has a debt-to-equity ratio of -0.81, a quick ratio of 2.88 and a current ratio of 3.16. The firm has a market capitalization of $2,083.61, a price-to-earnings ratio of 49.11, a price-to-earnings-growth ratio of 3.76 and a beta of 1.43. Alarm.com Holdings, Inc. has a 12 month low of $26.68 and a 12 month high of $49.49.
In other Alarm.com Holdings news, CTO Jean-Paul Martin sold 10,000 shares of Alarm.com Holdings stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $45.13, for a total transaction of $451,300.00. Following the sale, the chief technology officer now owns 140,404 shares of the company’s stock, valued at approximately $6,336,432.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Trundle sold 78,542 shares of Alarm.com Holdings stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $45.25, for a total value of $3,554,025.50. The disclosure for this sale can be found here. Insiders have sold a total of 356,714 shares of company stock worth $15,956,692 in the last ninety days. 46.80% of the stock is owned by company insiders.
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A number of research analysts recently issued reports on ALRM shares. Credit Suisse Group restated an “outperform” rating and set a $46.00 price objective (up previously from $37.00) on shares of Alarm.com Holdings in a research report on Wednesday, August 9th. Northland Securities set a $51.00 price objective on Alarm.com Holdings and gave the company a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research lowered Alarm.com Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. William Blair restated an “outperform” rating on shares of Alarm.com Holdings in a research report on Thursday, September 21st. Finally, Stifel Nicolaus restated a “hold” rating and set a $34.00 price objective (up previously from $29.00) on shares of Alarm.com Holdings in a research report on Thursday, August 10th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $45.60.
Alarm.com Holdings Company Profile
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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