Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 392,711 shares of the software maker’s stock after purchasing an additional 22,831 shares during the period. Deutsche Bank AG’s holdings in Alarm.com were worth $23,877,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in shares of Alarm.com in the fourth quarter valued at about $25,000. C M Bidwell & Associates Ltd. purchased a new stake in Alarm.com during the 4th quarter valued at approximately $36,000. Nisa Investment Advisors LLC lifted its position in Alarm.com by 134.8% during the 4th 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 period. Quarry LP lifted its position in Alarm.com by 43.0% during the 4th quarter. Quarry LP now owns 1,008 shares of the software maker’s stock worth $61,000 after acquiring an additional 303 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of Alarm.com by 305.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock valued at $63,000 after purchasing an additional 779 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barclays cut their price target on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group dropped their price objective on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Finally, Raymond James reduced their target price on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating for the company in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Alarm.com has an average rating of “Moderate Buy” and a consensus target price of $64.33.

Insider Activity

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total transaction of $200,834.20. Following the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. This represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Stephen Trundle sold 1,553 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $86,175.97. Following the completion of the transaction, the chief executive officer now directly owns 251,129 shares of the company’s stock, valued at approximately $13,935,148.21. This trade represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,921 shares of company stock worth $338,727 in the last 90 days. 5.80% of the stock is currently owned by corporate insiders.

Alarm.com Stock Performance

Shares of ALRM stock opened at $59.96 on Thursday. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The stock has a 50 day simple moving average of $54.59 and a 200-day simple moving average of $59.13. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $71.98.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The business had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. On average, equities analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current 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.