MQS Management LLC Invests $599,000 in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

MQS Management LLC acquired a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,423 shares of the software maker’s stock, valued at approximately $599,000.

Other hedge funds have also added to or reduced their stakes in the company. First PREMIER Bank bought a new position in shares of Alarm.com in the 1st quarter valued at $30,000. YHB Investment Advisors Inc. acquired a new position in Alarm.com during the first quarter worth about $56,000. CWM LLC raised its stake in Alarm.com by 42.0% during the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after acquiring an additional 618 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Alarm.com by 8.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after acquiring an additional 183 shares during the last quarter. Finally, Argent Capital Management LLC bought a new stake in shares of Alarm.com during the 1st quarter valued at approximately $201,000. 91.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ALRM. The Goldman Sachs Group started coverage on shares of Alarm.com in a research report on Friday, September 6th. They issued a “neutral” rating and a $64.00 target price on the stock. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, Barclays dropped their target price on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, July 11th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $69.00.

Insider Activity at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the transaction, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,260,125. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 41,100 shares of the company’s stock, valued at $2,540,391. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction that occurred 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 directly owns 37,500 shares in the company, valued at $2,260,125. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Alarm.com Price Performance

Shares of NASDAQ:ALRM opened at $53.50 on Thursday. The firm has a market cap of $2.69 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 3.26 and a beta of 0.90. Alarm.com Holdings, Inc. has a 52 week low of $49.70 and a 52 week high of $77.29. The firm’s fifty day moving average is $62.01 and its 200-day moving average is $65.58. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25.

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