Emerald Advisers Inc. PA lowered its position in shares of Alarm.com Holdings Inc. (NASDAQ:ALRM) by 25.6% during the second quarter, Holdings Channel reports. The firm owned 481,990 shares of the company’s stock after selling 166,193 shares during the period. Emerald Advisers Inc. PA’s holdings in Alarm.com Holdings were worth $12,353,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in ALRM. Evanson Asset Management LLC purchased a new stake in Alarm.com Holdings during the second quarter valued at about $7,474,000. Spark Investment Management LLC raised its stake in Alarm.com Holdings by 517.0% in the first quarter. Spark Investment Management LLC now owns 127,100 shares of the company’s stock valued at $3,012,000 after buying an additional 106,500 shares during the last quarter. Bank of Montreal Can purchased a new stake in Alarm.com Holdings during the second quarter valued at about $2,648,000. State Street Corp raised its stake in Alarm.com Holdings by 32.4% in the first quarter. State Street Corp now owns 117,642 shares of the company’s stock valued at $2,787,000 after buying an additional 28,788 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Alarm.com Holdings by 813,100.0% in the first quarter. Royal Bank of Canada now owns 8,132 shares of the company’s stock valued at $193,000 after buying an additional 8,131 shares during the last quarter. 61.49% of the stock is currently owned by hedge funds and other institutional investors.
Alarm.com Holdings Inc. (NASDAQ:ALRM) traded up 0.03% during mid-day trading on Wednesday, reaching $29.24. 212,105 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $27.41 and its 200 day moving average is $25.09. Alarm.com Holdings Inc. has a 1-year low of $11.86 and a 1-year high of $33.13. The stock has a market capitalization of $1.33 billion, a PE ratio of 123.90 and a beta of 1.91.
Alarm.com Holdings (NASDAQ:ALRM) last posted its quarterly earnings data on Monday, August 15th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $64.42 million for the quarter, compared to analyst estimates of $58.61 million. Alarm.com Holdings had a net margin of 4.74% and a negative return on equity of 18.64%. Alarm.com Holdings’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 earnings per share. Analysts forecast that Alarm.com Holdings Inc. will post $0.50 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on ALRM shares. Roth Capital started coverage on shares of Alarm.com Holdings in a research note on Monday. They set a “buy” rating and a $33.50 target price on the stock. Imperial Capital reissued an “outperform” rating and set a $24.50 target price on shares of Alarm.com Holdings in a research note on Thursday, June 16th. Citigroup Inc. lowered shares of Alarm.com Holdings to a “market perform” rating in a research note on Tuesday, August 16th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Thursday, August 18th. Finally, Goldman Sachs Group Inc. increased their target price on shares of Alarm.com Holdings from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Alarm.com Holdings presently has an average rating of “Buy” and an average target price of $28.05.
In other Alarm.com Holdings news, insider Jean-Paul Martin sold 50,000 shares of Alarm.com Holdings stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $24.69, for a total value of $1,234,500.00. Following the transaction, the insider now directly owns 172,904 shares in the company, valued at $4,268,999.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 78.50% of the stock is currently owned by company insiders.
About Alarm.com Holdings
Alarm.com Holdings, Inc is a platform solution for the connected home. The Company, through its cloud-based services, makes connected home technology accessible to millions of home and business owners. The Company operates through two segments: Alarm.com and Other. The Company’s Alarm.com segment represents its cloud-based platform for the connected home and related connected home solutions.
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