Canada Pension Plan Investment Board Increases Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Canada Pension Plan Investment Board increased its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 2,335.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 41,400 shares of the software maker’s stock after buying an additional 39,700 shares during the period. Canada Pension Plan Investment Board’s holdings in Alarm.com were worth $2,517,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Alarm.com by 323.2% in the 3rd quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock worth $4,997,000 after purchasing an additional 69,804 shares during the period. GAMMA Investing LLC raised its holdings in Alarm.com by 29.5% in the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after buying an additional 238 shares during the period. Assenagon Asset Management S.A. lifted its position in Alarm.com by 2.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker’s stock valued at $23,786,000 after buying an additional 9,935 shares in the last quarter. Argent Capital Management LLC grew its stake in Alarm.com by 38.6% during the fourth quarter. Argent Capital Management LLC now owns 7,096 shares of the software maker’s stock worth $431,000 after buying an additional 1,975 shares during the period. Finally, Avanza Fonder AB acquired a new stake in shares of Alarm.com in the fourth quarter worth $120,000. Institutional investors and hedge funds own 91.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ALRM. The Goldman Sachs Group decreased their price target on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Barclays dropped their target price on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.20.

Alarm.com Trading Up 2.5 %

NASDAQ:ALRM opened at $50.57 on Wednesday. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year 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 business’s 50-day simple moving average is $56.14 and its 200 day simple moving average is $59.04.

Alarm.com (NASDAQ:ALRM) last announced 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). The business had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. As a group, sell-side analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Stephen Trundle sold 1,553 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $86,175.97. Following the transaction, the chief executive officer now owns 251,129 shares of the company’s stock, valued at approximately $13,935,148.21. This trade represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steve Valenzuela sold 3,436 shares of the business’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 completion of the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,191,875. This represents a 8.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,921 shares of company stock valued at $338,727 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Alarm.com Company 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.