Summit Creek Advisors LLC Raises Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Summit Creek Advisors LLC increased its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 282,343 shares of the software maker’s stock after acquiring an additional 848 shares during the quarter. Alarm.com makes up about 2.3% of Summit Creek Advisors LLC’s portfolio, making the stock its 20th biggest holding. Summit Creek Advisors LLC owned 0.57% of Alarm.com worth $17,166,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Alarm.com during the 4th quarter worth $25,000. Quarry LP boosted its stake in Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock worth $39,000 after purchasing an additional 525 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after purchasing an additional 539 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Alarm.com by 305.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock worth $63,000 after purchasing an additional 779 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after purchasing an additional 238 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total value of $200,834.20. Following the transaction, the chief financial officer now owns 37,500 shares of the company’s stock, valued at $2,191,875. This represents a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.60% of the stock is currently owned by corporate insiders.

Alarm.com Trading Down 0.7 %

Shares of ALRM stock opened at $56.54 on Monday. The company’s 50-day moving average price is $60.45 and its 200-day moving average price is $59.38. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 3.59 and a beta of 1.10. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $74.25.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Alarm.com has an average rating of “Hold” and a consensus target price of $64.40.

Alarm.com 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.