Janus Henderson Group PLC Increases Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Janus Henderson Group PLC grew its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 26.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 137,174 shares of the software maker’s stock after buying an additional 28,510 shares during the period. Janus Henderson Group PLC owned 0.28% of Alarm.com worth $8,341,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ALRM. 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 shares of Alarm.com in the fourth quarter valued at about $36,000. Nisa Investment Advisors LLC increased its stake 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 period. Quarry LP increased its stake in shares of Alarm.com by 43.0% during the fourth 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 increased its stake 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 period. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Trading Up 1.6%

Shares of ALRM opened at $59.64 on Friday. 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 firm’s 50-day moving average is $54.62 and its two-hundred day moving average is $59.22. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $71.98. The firm has a market capitalization of $2.97 billion, a P/E ratio of 26.04, 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). The company had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. On average, research analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ALRM has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price target 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. Raymond James dropped their price target on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a research note on Friday, May 9th. Finally, Barclays dropped their price target on shares of Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alarm.com has a consensus rating of “Moderate Buy” and a consensus price target of $64.33.

Insider Buying and Selling

In other Alarm.com news, insider Daniel Ramos sold 1,646 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $59.51, for a total transaction of $97,953.46. Following the transaction, the insider now owns 36,954 shares of the company’s stock, valued at $2,199,132.54. This trade represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,511 shares of company stock worth $1,329,787. 5.80% of the stock is owned by insiders.

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.