nVerses Capital LLC Boosts Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

nVerses Capital LLC raised its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 4,300.0% during the second quarter, Holdings Channel.com reports. The firm owned 4,400 shares of the software maker’s stock after purchasing an additional 4,300 shares during the quarter. nVerses Capital LLC’s holdings in Alarm.com were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First PREMIER Bank purchased a new stake in shares of Alarm.com in the first quarter valued at approximately $30,000. GAMMA Investing LLC purchased a new stake in shares of Alarm.com during the 4th quarter worth $31,000. YHB Investment Advisors Inc. acquired a new position in shares of Alarm.com during the 1st quarter worth $56,000. CWM LLC lifted its stake in shares of Alarm.com by 42.0% in the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after purchasing an additional 618 shares during the period. Finally, Argent Capital Management LLC purchased a new stake in Alarm.com during the first quarter worth about $201,000. Institutional investors and hedge funds own 91.74% of the company’s stock.

Analysts Set New Price Targets

ALRM has been the subject of several research reports. StockNews.com cut Alarm.com from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 18th. Barclays reduced their target price on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 11th. Finally, William Blair raised Alarm.com to a “hold” rating in a research report on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alarm.com has a consensus rating of “Hold” and an average target price of $70.67.

Insider Buying and Selling at Alarm.com

In other news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the sale, the insider now directly owns 41,100 shares in the company, valued at approximately $2,540,391. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Alarm.com Trading Down 0.4 %

NASDAQ ALRM traded down $0.25 during mid-day trading on Friday, reaching $59.54. 687,396 shares of the stock were exchanged, compared to its average volume of 381,968. Alarm.com Holdings, Inc. has a 1-year low of $49.70 and a 1-year high of $77.29. The stock has a market capitalization of $2.93 billion, a PE ratio of 35.23, a PEG ratio of 3.59 and a beta of 0.92. The business’s fifty day simple moving average is $64.01 and its 200 day simple moving average is $67.07. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The firm had revenue of $233.80 million for the quarter, compared to analyst estimates of $227.35 million. During the same period last year, the company earned $0.33 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Alarm.com Holdings, Inc. will post 1.4 earnings per share for the current fiscal 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.