Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stock Holdings Increased by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC grew its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,190 shares of the software maker’s stock after buying an additional 415 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Alarm.com were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Alarm.com by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker’s stock valued at $383,091,000 after acquiring an additional 68,907 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of Alarm.com by 6.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock worth $157,168,000 after purchasing an additional 163,851 shares in the last quarter. Norges Bank acquired a new stake in Alarm.com during the fourth quarter valued at approximately $34,841,000. Charles Schwab Investment Management Inc. boosted its holdings in Alarm.com by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker’s stock worth $32,247,000 after buying an additional 8,840 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Alarm.com by 120.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker’s stock worth $24,369,000 after buying an additional 219,203 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Stock Down 3.0 %

Shares of NASDAQ:ALRM opened at $50.93 on Friday. The firm has a 50 day simple moving average of $59.33 and a 200 day simple moving average of $59.36. Alarm.com Holdings, Inc. has a 52 week low of $50.44 and a 52 week high of $71.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The company has a market cap of $2.53 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (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 business had revenue of $242.24 million during the quarter, compared to analysts’ expectations of $237.44 million. As a group, research analysts expect that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Steve Valenzuela sold 3,436 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total transaction of $200,834.20. Following the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,191,875. The trade was a 8.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel Kerzner sold 932 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 5,921 shares of company stock worth $338,727. 5.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.