Wealthfront Advisers LLC Takes $1.74 Million Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Wealthfront Advisers LLC purchased a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 28,578 shares of the software maker’s stock, valued at approximately $1,738,000. Wealthfront Advisers LLC owned approximately 0.06% of Alarm.com at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Alarm.com during the fourth quarter valued at about $25,000. Quarry LP boosted its stake in shares of Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after purchasing an additional 525 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after acquiring an additional 539 shares during the last quarter. Huntington National Bank raised its position in shares of Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after acquiring an additional 367 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Alarm.com by 305.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock worth $63,000 after acquiring an additional 779 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Trading Up 0.8 %

Shares of ALRM stock opened at $58.49 on Friday. The company has a market cap of $2.90 billion, a P/E ratio of 25.54, a PEG ratio of 3.59 and a beta of 1.10. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $74.97. The stock has a 50 day simple moving average of $60.72 and a two-hundred day simple moving average of $59.42. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85.

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

Insider Activity at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the business’s stock in a transaction on 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 of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 5.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. One 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 stock. Based on data from MarketBeat.com, Alarm.com has an average rating of “Hold” and an average target price of $64.40.

About Alarm.com

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.