Cibc World Markets Corp Purchases Shares of 4,430 Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Cibc World Markets Corp acquired a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,430 shares of the software maker’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in Alarm.com by 2.3% during the third quarter. Thrivent Financial for Lutherans now owns 42,635 shares of the software maker’s stock worth $2,330,000 after purchasing an additional 971 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Alarm.com during the 3rd quarter worth $811,000. Charles Schwab Investment Management Inc. raised its position in shares of Alarm.com by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock worth $28,513,000 after buying an additional 7,567 shares during the period. Fisher Asset Management LLC boosted its holdings in Alarm.com by 8.5% in the third quarter. Fisher Asset Management LLC now owns 232,424 shares of the software maker’s stock valued at $12,707,000 after acquiring an additional 18,263 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in Alarm.com by 2.7% during the third quarter. Dynamic Technology Lab Private Ltd now owns 22,540 shares of the software maker’s stock valued at $1,233,000 after acquiring an additional 590 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Trading Up 0.5 %

NASDAQ:ALRM opened at $57.69 on Wednesday. Alarm.com Holdings, Inc. has a 12 month low of $51.87 and a 12 month high of $74.25. The business’s 50-day moving average is $60.35 and its two-hundred day moving average is $59.39. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The firm has a market capitalization of $2.86 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 3.59 and a beta of 1.10.

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

Insider Activity

In related news, CFO Steve Valenzuela sold 3,436 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the transaction, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,191,875. The trade was a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. One equities 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $64.40.

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.