Columbus Circle Investors bought a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,301 shares of the software maker’s stock, valued at approximately $1,550,000. Columbus Circle Investors owned about 0.07% of Alarm.com at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in ALRM. Riverbridge Partners LLC bought a new position in shares of Alarm.com in the second quarter valued at about $50,898,000. Janus Henderson Group PLC bought a new position in Alarm.com during the second quarter worth about $37,684,000. Oak Ridge Investments LLC bought a new position in Alarm.com during the second quarter worth about $19,059,000. Koch Industries Inc. bought a new position in Alarm.com during the second quarter worth about $485,000. Finally, Pictet Asset Management Ltd. bought a new position in Alarm.com during the third quarter worth about $19,427,000. Hedge funds and other institutional investors own 83.16% of the company’s stock.
Alarm.com Holdings, Inc. (NASDAQ:ALRM) traded up $0.20 during trading hours on Thursday, hitting $37.75. 1,456,658 shares of the stock traded hands, compared to its average volume of 373,701. The company has a market cap of $1,763.52, a price-to-earnings ratio of 41.57, a P/E/G ratio of 3.18 and a beta of 1.27. The company has a quick ratio of 2.88, a current ratio of 3.16 and a debt-to-equity ratio of -0.81. Alarm.com Holdings, Inc. has a 12 month low of $26.68 and a 12 month high of $49.49.
Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.07. The business had revenue of $90.00 million during the quarter, compared to analyst estimates of $83.04 million. Alarm.com had a net margin of 9.97% and a negative return on equity of 42.00%. Alarm.com’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS. equities research analysts anticipate that Alarm.com Holdings, Inc. will post 0.83 EPS for the current fiscal year.
ALRM has been the topic of several recent analyst reports. Roth Capital raised their target price on shares of Alarm.com from $43.50 to $48.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Credit Suisse Group reissued an “outperform” rating and issued a $46.00 target price (up from $37.00) on shares of Alarm.com in a report on Wednesday, August 9th. Northland Securities set a $45.00 price target on shares of Alarm.com and gave the company a “buy” rating in a research note on Wednesday, August 9th. Imperial Capital downgraded shares of Alarm.com from an “outperform” rating to an “in-line” rating and raised their price target for the company from $40.00 to $45.00 in a research note on Thursday, August 10th. Finally, BidaskClub upgraded shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 9th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $46.90.
In related news, insider Vii Lp Tcv sold 121,885 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $42.40, for a total value of $5,167,924.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Daniel Ramos sold 19,909 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $47.05, for a total transaction of $936,718.45. Following the completion of the transaction, the vice president now directly owns 82,327 shares in the company, valued at $3,873,485.35. The disclosure for this sale can be found here. Insiders have sold a total of 331,159 shares of company stock worth $14,531,902 over the last ninety days. Insiders own 78.50% of the company’s stock.
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Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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