Alarm.com Holdings, Inc. (NASDAQ:ALRM) Holdings Decreased by Larson Financial Group LLC

Larson Financial Group LLC reduced its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 7.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,073 shares of the software maker’s stock after selling 156 shares during the quarter. Larson Financial Group LLC’s holdings in Alarm.com were worth $150,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Oak Ridge Investments LLC grew its stake in Alarm.com by 0.3% during the 1st quarter. Oak Ridge Investments LLC now owns 63,176 shares of the software maker’s stock worth $4,578,000 after buying an additional 173 shares during the last quarter. QRG Capital Management Inc. grew its stake in Alarm.com by 4.2% during the 4th quarter. QRG Capital Management Inc. now owns 5,681 shares of the software maker’s stock worth $367,000 after buying an additional 229 shares during the last quarter. Cardinal Capital Management grew its stake in shares of Alarm.com by 2.4% in the fourth quarter. Cardinal Capital Management now owns 12,456 shares of the software maker’s stock worth $805,000 after purchasing an additional 294 shares in the last quarter. First PREMIER Bank bought a new position in shares of Alarm.com in the first quarter worth $30,000. Finally, GAMMA Investing LLC bought a new position in shares of Alarm.com in the fourth quarter worth $31,000. 91.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ALRM shares. StockNews.com cut Alarm.com from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 14th. William Blair raised Alarm.com to a “hold” rating in a research note on Thursday, May 9th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.83.

Alarm.com Trading Up 0.8 %

Shares of NASDAQ ALRM traded up $0.50 during mid-day trading on Wednesday, hitting $64.64. 213,423 shares of the company traded hands, compared to its average volume of 352,916. Alarm.com Holdings, Inc. has a 1 year low of $48.61 and a 1 year high of $77.29. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 37.93, a PEG ratio of 3.17 and a beta of 0.92. The company has a quick ratio of 5.03, a current ratio of 5.51 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average of $65.20 and a two-hundred day moving average of $66.68.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, May 9th. The software maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. The business had revenue of $223.28 million during the quarter, compared to the consensus estimate of $218.32 million. Alarm.com had a return on equity of 12.14% and a net margin of 10.08%. On average, sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.43 earnings per share for the current fiscal year.

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.