Cardinal Capital Management Increases Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Cardinal Capital Management increased its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 16.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,314 shares of the software maker’s stock after purchasing an additional 3,283 shares during the quarter. Cardinal Capital Management’s holdings in Alarm.com were worth $1,275,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. First PREMIER Bank purchased a new stake in shares of Alarm.com during the first quarter valued at about $30,000. Point72 DIFC Ltd lifted its position in Alarm.com by 293.6% during the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after acquiring an additional 1,101 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Alarm.com in the second quarter valued at approximately $108,000. CWM LLC grew its holdings in Alarm.com by 42.0% in the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after purchasing an additional 618 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Alarm.com by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after purchasing an additional 183 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

Alarm.com Trading Down 0.1 %

Alarm.com stock opened at $53.86 on Friday. Alarm.com Holdings, Inc. has a 52 week low of $49.70 and a 52 week high of $77.29. The stock has a 50-day moving average price of $56.13 and a 200 day moving average price of $62.65. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 EPS for the quarter, beating the consensus estimate of $0.49 by $0.09. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The business had revenue of $233.80 million for the quarter, compared to the consensus estimate of $227.35 million. During the same period in the prior year, the firm earned $0.33 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.4 EPS for the current year.

Insider Transactions at Alarm.com

In related news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,260,125. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the transaction, the insider now directly owns 41,100 shares of the company’s stock, valued at $2,540,391. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ALRM. The Goldman Sachs Group began coverage on Alarm.com in a research note on Friday, September 6th. They set a “neutral” rating and a $64.00 target price on the stock. Barclays dropped their price target on Alarm.com from $72.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Roth Mkm cut their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $66.75.

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.