8,231 Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,231 shares of the software maker’s stock, valued at approximately $597,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Oak Ridge Investments LLC raised its position in Alarm.com by 0.3% in the first quarter. Oak Ridge Investments LLC now owns 63,176 shares of the software maker’s stock worth $4,578,000 after purchasing an additional 173 shares in the last quarter. QRG Capital Management Inc. grew its stake in Alarm.com by 4.2% during the fourth quarter. QRG Capital Management Inc. now owns 5,681 shares of the software maker’s stock worth $367,000 after buying an additional 229 shares during the last quarter. Cardinal Capital Management grew its stake in Alarm.com by 2.4% during the fourth quarter. Cardinal Capital Management now owns 12,456 shares of the software maker’s stock worth $805,000 after buying an additional 294 shares during the last quarter. First PREMIER Bank bought a new stake in Alarm.com during the first quarter worth about $30,000. Finally, GAMMA Investing LLC bought a new stake in Alarm.com during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 91.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. William Blair raised shares of Alarm.com to a “hold” rating in a research note on Thursday, May 9th. StockNews.com raised shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Barclays decreased their price objective on shares of Alarm.com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Alarm.com has a consensus rating of “Moderate Buy” and an average price target of $67.83.

Alarm.com Price Performance

ALRM opened at $65.73 on Friday. Alarm.com Holdings, Inc. has a one year low of $48.61 and a one year high of $77.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.51 and a quick ratio of 5.03. The company’s 50 day simple moving average is $65.08 and its 200-day simple moving average is $66.72. The stock has a market capitalization of $3.30 billion, a P/E ratio of 38.89, a price-to-earnings-growth ratio of 3.27 and a beta of 0.92.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, May 9th. The software maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. Alarm.com had a net margin of 10.08% and a return on equity of 12.14%. The business had revenue of $223.28 million for the quarter, compared to analyst estimates of $218.32 million. Sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.43 earnings per share for the current fiscal year.

About Alarm.com

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.