King Luther Capital Management Corp grew its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 312.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 285,950 shares of the software maker’s stock after acquiring an additional 216,575 shares during the period. King Luther Capital Management Corp owned about 0.61% of Alarm.com worth $12,919,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Janus Henderson Group PLC purchased a new position in shares of Alarm.com during the 2nd quarter worth approximately $37,684,000. Vanguard Group Inc. grew its holdings in shares of Alarm.com by 21.7% during the 2nd quarter. Vanguard Group Inc. now owns 776,777 shares of the software maker’s stock worth $29,229,000 after acquiring an additional 138,595 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Alarm.com by 61.6% during the 2nd quarter. Renaissance Technologies LLC now owns 593,000 shares of the software maker’s stock worth $22,315,000 after acquiring an additional 226,000 shares during the period. Oak Ridge Investments LLC purchased a new position in shares of Alarm.com during the 2nd quarter worth approximately $19,059,000. Finally, Koch Industries Inc. purchased a new position in shares of Alarm.com during the 2nd quarter worth approximately $485,000. Hedge funds and other institutional investors own 83.16% of the company’s stock.

Shares of Alarm.com Holdings, Inc. (ALRM) opened at $37.41 on Wednesday. The company has a debt-to-equity ratio of -0.81, a current ratio of 3.16 and a quick ratio of 2.88. The firm has a market capitalization of $1,852.62, a P/E ratio of 43.67, a P/E/G ratio of 3.34 and a beta of 1.27. Alarm.com Holdings, Inc. has a 52 week low of $26.68 and a 52 week high of $49.49.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.07. The company had revenue of $90.00 million for the quarter, compared to the consensus estimate of $83.04 million. Alarm.com had a negative return on equity of 42.00% and a net margin of 9.97%. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 EPS. analysts forecast that Alarm.com Holdings, Inc. will post 0.83 earnings per share for the current fiscal year.

In related news, insider David Hutz sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $43.87, for a total value of $153,545.00. Following the sale, the insider now owns 87,022 shares in the company, valued at approximately $3,817,655.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vii Lp Tcv sold 121,885 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $42.40, for a total value of $5,167,924.00. The disclosure for this sale can be found here. Insiders sold a total of 331,159 shares of company stock worth $14,531,902 in the last 90 days. 46.80% of the stock is currently owned by company insiders.

A number of research analysts have weighed in on ALRM shares. Stifel Nicolaus reiterated a “hold” rating and set a $38.00 target price (up previously from $34.00) on shares of Alarm.com in a report on Thursday, November 9th. Credit Suisse Group reiterated an “outperform” rating and set a $52.00 target price (up previously from $46.00) on shares of Alarm.com in a report on Thursday, November 9th. William Blair reiterated an “outperform” rating on shares of Alarm.com in a report on Thursday, September 21st. Northland Securities reiterated a “buy” rating and set a $51.00 target price on shares of Alarm.com in a report on Friday, October 13th. Finally, Bank of America upped their target price on Alarm.com from $46.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.90.

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Alarm.com Profile

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.

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

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