Jacobs Levy Equity Management Inc. Takes Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Jacobs Levy Equity Management Inc. acquired a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 29,579 shares of the software maker’s stock, valued at approximately $1,798,000. Jacobs Levy Equity Management Inc. owned 0.06% of Alarm.com as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ALRM. Barclays PLC grew its position in shares of Alarm.com by 323.2% in the third quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock valued at $4,997,000 after purchasing an additional 69,804 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Alarm.com by 2.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker’s stock valued at $23,786,000 after purchasing an additional 9,935 shares during the period. Argent Capital Management LLC grew its position in shares of Alarm.com by 38.6% in the fourth quarter. Argent Capital Management LLC now owns 7,096 shares of the software maker’s stock valued at $431,000 after purchasing an additional 1,975 shares during the period. Avanza Fonder AB purchased a new stake in shares of Alarm.com in the fourth quarter valued at $120,000. Finally, Atomi Financial Group Inc. purchased a new stake in shares of Alarm.com in the fourth quarter valued at $259,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Price Performance

Shares of NASDAQ ALRM opened at $58.71 on Friday. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $71.98. The business has a 50-day moving average of $54.59 and a 200-day moving average of $59.16. 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 company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 3.59 and a beta of 1.02.

Alarm.com (NASDAQ:ALRM) last issued its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share 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 during the quarter, compared to analysts’ expectations of $237.44 million. On average, equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Insider Transactions at Alarm.com

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. Also, insider Daniel Kerzner sold 932 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the transaction, the insider now owns 58,736 shares in the company, valued at approximately $3,259,260.64. This trade represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,921 shares of company stock valued at $338,727 over the last quarter. Company insiders own 5.80% of the company’s stock.

Wall Street Analyst Weigh In

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

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.