Federated Investors Inc. PA Has $6.90 Million Stake in Alarm.com Holdings, Inc. (ALRM)
Federated Investors Inc. PA reduced its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,292 shares of the software maker’s stock after selling 12,708 shares during the period. Federated Investors Inc. PA owned about 0.40% of Alarm.com Holdings worth $6,897,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of ALRM. Capital Fund Management S.A. purchased a new position in shares of Alarm.com Holdings during the first quarter worth about $255,000. Parametric Portfolio Associates LLC increased its position in shares of Alarm.com Holdings by 15.3% in the first quarter. Parametric Portfolio Associates LLC now owns 32,269 shares of the software maker’s stock worth $992,000 after buying an additional 4,276 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Alarm.com Holdings during the first quarter worth about $674,000. Goldman Sachs Group Inc. increased its position in shares of Alarm.com Holdings by 26.1% in the first quarter. Goldman Sachs Group Inc. now owns 13,496 shares of the software maker’s stock worth $415,000 after buying an additional 2,795 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in shares of Alarm.com Holdings during the first quarter worth about $461,000. 84.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Alarm.com Holdings, Inc. (NASDAQ ALRM) opened at 45.78 on Thursday. The firm has a market capitalization of $2.14 billion, a PE ratio of 117.08 and a beta of 1.52. The company has a 50-day moving average of $39.54 and a 200-day moving average of $34.12. Alarm.com Holdings, Inc. has a 1-year low of $24.52 and a 1-year high of $45.93.
Alarm.com Holdings (NASDAQ:ALRM) last issued its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.14. Alarm.com Holdings had a negative return on equity of 35.68% and a net margin of 6.50%. The business had revenue of $86 million during the quarter, compared to the consensus estimate of $81.05 million. During the same period in the previous year, the business earned $0.15 EPS. The business’s quarterly revenue was up 33.5% on a year-over-year basis. Equities research analysts predict that Alarm.com Holdings, Inc. will post $0.97 EPS for the current fiscal year.
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A number of research analysts have recently issued reports on ALRM shares. Zacks Investment Research downgraded shares of Alarm.com Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Northland Securities started coverage on shares of Alarm.com Holdings in a research report on Friday, June 9th. They issued an “outperform” rating and a $41.00 price objective on the stock. Credit Suisse Group reaffirmed an “outperform” rating and issued a $46.00 price objective (up previously from $37.00) on shares of Alarm.com Holdings in a research report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $29.00 price objective on shares of Alarm.com Holdings in a research report on Tuesday, July 25th. Finally, Maxim Group lifted their price objective on shares of Alarm.com Holdings from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Alarm.com Holdings presently has a consensus rating of “Buy” and an average price target of $43.11.
In related news, insider Jean-Paul Martin sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $34.92, for a total transaction of $698,400.00. Following the completion of the transaction, the insider now directly owns 150,404 shares in the company, valued at approximately $5,252,107.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider David Hutz sold 3,500 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $43.82, for a total value of $153,370.00. Following the transaction, the insider now owns 90,522 shares of the company’s stock, valued at $3,966,674.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 220,777 shares of company stock valued at $8,569,539. 78.50% of the stock is owned by company insiders.
About Alarm.com Holdings
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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