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

Summit Creek Advisors LLC lowered its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRMFree Report) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 236,374 shares of the software maker’s stock after selling 20,252 shares during the period. Alarm.com comprises 2.0% of Summit Creek Advisors LLC’s portfolio, making the stock its 24th largest holding. Summit Creek Advisors LLC owned 0.47% of Alarm.com worth $15,274,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in Alarm.com by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 469,746 shares of the software maker’s stock valued at $28,720,000 after purchasing an additional 27,243 shares in the last quarter. Algert Global LLC raised its stake in shares of Alarm.com by 22.2% during the 3rd quarter. Algert Global LLC now owns 147,301 shares of the software maker’s stock worth $9,006,000 after buying an additional 26,799 shares during the last quarter. Pathstone Family Office LLC boosted its position in shares of Alarm.com by 184.2% in the 3rd quarter. Pathstone Family Office LLC now owns 14,266 shares of the software maker’s stock worth $881,000 after buying an additional 9,247 shares in the last quarter. Richard Bernstein Advisors LLC acquired a new stake in Alarm.com in the 3rd quarter valued at about $5,431,000. Finally, FMR LLC increased its holdings in Alarm.com by 18,200.6% during the 3rd quarter. FMR LLC now owns 312,391 shares of the software maker’s stock valued at $19,100,000 after acquiring an additional 310,684 shares in the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alarm.com

In related news, insider Daniel Kerzner sold 28,433 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $69.98, for a total value of $1,989,741.34. Following the sale, the insider now owns 57,351 shares of the company’s stock, valued at approximately $4,013,422.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Steve Valenzuela sold 7,083 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $75.34, for a total value of $533,633.22. Following the completion of the sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at $2,825,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Kerzner sold 28,433 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the completion of the sale, the insider now owns 57,351 shares in the company, valued at $4,013,422.98. The disclosure for this sale can be found here. Insiders sold a total of 111,532 shares of company stock worth $8,116,333 over the last ninety days. Company insiders own 5.60% of the company’s stock.

Alarm.com Stock Up 0.2 %

NASDAQ ALRM traded up $0.14 on Monday, hitting $68.07. 138,467 shares of the stock traded hands, compared to its average volume of 251,232. The company has a current ratio of 5.51, a quick ratio of 5.03 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average of $70.02 and a 200 day moving average of $64.30. Alarm.com Holdings, Inc. has a twelve month low of $48.01 and a twelve month high of $77.29. The company has a market capitalization of $3.42 billion, a P/E ratio of 40.25, a price-to-earnings-growth ratio of 3.84 and a beta of 0.94.

Alarm.com (NASDAQ:ALRMGet Free Report) last released its earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Alarm.com had a net margin of 10.08% and a return on equity of 12.14%. The business had revenue of $226.20 million for the quarter, compared to the consensus estimate of $224.93 million. During the same quarter in the previous year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, analysts expect that Alarm.com Holdings, Inc. will post 1.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on ALRM. TheStreet upgraded shares of Alarm.com from a “c+” rating to a “b-” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. upped their target price on shares of Alarm.com from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. StockNews.com upgraded Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. Finally, Barclays raised their price objective on Alarm.com from $66.00 to $78.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $68.83.

Read Our Latest Report on Alarm.com

Alarm.com Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Alarm.com (NASDAQ:ALRM)

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