Nicolet Advisory Services LLC Buys 415 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Nicolet Advisory Services LLC boosted its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,190 shares of the software maker’s stock after purchasing an additional 415 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Alarm.com were worth $309,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Alarm.com by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker’s stock worth $16,130,000 after purchasing an additional 11,531 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Alarm.com during the fourth quarter worth approximately $259,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Alarm.com in the third quarter valued at approximately $1,322,000. KBC Group NV grew its stake in shares of Alarm.com by 47.9% in the fourth quarter. KBC Group NV now owns 1,920 shares of the software maker’s stock worth $117,000 after acquiring an additional 622 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Alarm.com by 2.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker’s stock worth $23,786,000 after acquiring an additional 9,935 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

Insider Buying and Selling at Alarm.com

In related news, CFO Steve Valenzuela sold 3,436 shares of the firm’s 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 completion of the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,191,875. This trade represents a 8.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Kerzner sold 932 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the sale, the insider now owns 58,736 shares in the company, valued at $3,259,260.64. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,921 shares of company stock valued at $338,727. 5.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $64.40.

Alarm.com Stock Down 3.0 %

Shares of ALRM stock opened at $50.93 on Friday. Alarm.com Holdings, Inc. has a one year low of $50.44 and a one year high of $71.98. 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 stock has a fifty day moving average price of $59.33 and a 200 day moving average price of $59.36. The stock has a market cap of $2.53 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03.

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 analysts’ consensus estimates of $0.53 by ($0.06). The business had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Alarm.com 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.