C M Bidwell & Associates Ltd. Makes New $36,000 Investment in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

C M Bidwell & Associates Ltd. bought a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 592 shares of the software maker’s stock, valued at approximately $36,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ALRM. Principal Financial Group Inc. grew its stake in Alarm.com by 4.5% in the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker’s stock valued at $16,130,000 after purchasing an additional 11,531 shares during the period. Atomi Financial Group Inc. purchased a new position in shares of Alarm.com in the 4th quarter worth about $259,000. Y Intercept Hong Kong Ltd bought a new position in Alarm.com during the third quarter valued at about $1,322,000. Charles Schwab Investment Management Inc. raised its position in Alarm.com by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock worth $28,513,000 after acquiring an additional 7,567 shares during the period. Finally, Bank of Montreal Can boosted its stake in Alarm.com by 18.0% in the third quarter. Bank of Montreal Can now owns 323,133 shares of the software maker’s stock valued at $17,879,000 after acquiring an additional 49,403 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Alarm.com

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

Alarm.com Price Performance

Shares of NASDAQ:ALRM opened at $55.81 on Monday. The firm has a market capitalization of $2.77 billion, a PE ratio of 24.37, a P/E/G ratio of 3.59 and a beta of 1.10. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The company has a 50-day moving average price of $60.10 and a two-hundred day moving average price of $59.45. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $72.37.

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

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.