Summit Creek Advisors LLC Raises Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Summit Creek Advisors LLC grew its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,343 shares of the software maker’s stock after purchasing an additional 848 shares during the period. Alarm.com comprises about 2.3% of Summit Creek Advisors LLC’s portfolio, making the stock its 20th biggest position. Summit Creek Advisors LLC’s holdings in Alarm.com were worth $17,166,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ALRM. Thrivent Financial for Lutherans increased its stake in Alarm.com by 2.3% during the third quarter. Thrivent Financial for Lutherans now owns 42,635 shares of the software maker’s stock worth $2,330,000 after purchasing an additional 971 shares during the period. Jennison Associates LLC increased its stake in shares of Alarm.com by 75.2% during the third quarter. Jennison Associates LLC now owns 13,118 shares of the software maker’s stock worth $717,000 after buying an additional 5,632 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Alarm.com during the third quarter worth approximately $811,000. Charles Schwab Investment Management Inc. increased its stake in shares of Alarm.com by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock worth $28,513,000 after buying an additional 7,567 shares during the period. Finally, Nicolet Advisory Services LLC increased its stake in shares of Alarm.com by 6.0% during the third quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker’s stock worth $250,000 after buying an additional 272 shares during the period. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Alarm.com presently has a consensus rating of “Hold” and a consensus target price of $64.40.

Insider Activity

In other news, 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 value of $200,834.20. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,191,875. This represents a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Alarm.com Stock Performance

Shares of Alarm.com stock opened at $56.54 on Monday. The firm has a market capitalization of $2.81 billion, a P/E ratio of 24.69, a P/E/G ratio of 3.59 and a beta of 1.10. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $74.25. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The firm’s 50 day moving average is $60.45 and its two-hundred day moving average is $59.38.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results 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 company had revenue of $242.24 million during the quarter, compared to analysts’ expectations 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 EPS 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.