M&G Plc Takes Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

M&G Plc bought a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 174,241 shares of the software maker’s stock, valued at approximately $9,583,000. M&G Plc owned 0.35% of Alarm.com at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in Alarm.com by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after purchasing an additional 183 shares during the period. Arizona State Retirement System grew its stake in Alarm.com by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock valued at $844,000 after buying an additional 232 shares during the last quarter. QRG Capital Management Inc. lifted its position in Alarm.com by 4.6% during the second quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock worth $381,000 after acquiring an additional 266 shares during the last quarter. Swiss National Bank grew its position in shares of Alarm.com by 0.3% in the first quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock valued at $6,790,000 after purchasing an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Alarm.com by 15.2% during the first quarter. SG Americas Securities LLC now owns 3,384 shares of the software maker’s stock worth $245,000 after purchasing an additional 446 shares during the period. 91.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALRM has been the topic of a number of research reports. Roth Mkm decreased their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. The Goldman Sachs Group started coverage on shares of Alarm.com in a research report on Friday, September 6th. They set a “neutral” rating and a $64.00 price target on the stock. Jefferies Financial Group began coverage on shares of Alarm.com in a report on Tuesday. They issued a “buy” rating and a $65.00 price objective for the company. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, Barclays cut their price target on Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $66.40.

Alarm.com Stock Performance

NASDAQ ALRM opened at $57.14 on Friday. The firm’s 50 day simple moving average is $54.73 and its 200 day simple moving average is $61.39. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 3.25 and a beta of 0.90. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52. Alarm.com Holdings, Inc. has a 1 year low of $51.19 and a 1 year high of $77.29.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.09. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The company had revenue of $233.80 million for the quarter, compared to analyst estimates of $227.35 million. During the same quarter last year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, research analysts expect that Alarm.com Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.

Insider Activity at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the transaction, the insider now owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the sale, the insider now owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the transaction, the chief financial officer now owns 37,500 shares of the company’s stock, valued at $2,260,125. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently 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.