Emerald Acquisition Ltd. purchased 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 and Exchange Commission (SEC). The firm purchased 47,516 shares of the company’s stock, valued at approximately $1,218,000. Emerald Acquisition Ltd. owned 0.10% of Alarm.com Holdings at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in shares of Alarm.com Holdings during the second quarter valued at $165,000. Royal Bank of Canada raised its stake in shares of 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 in the last quarter. Societe Generale purchased a new stake in shares of Alarm.com Holdings during the second quarter valued at $244,000. Swiss National Bank purchased a new stake in shares of Alarm.com Holdings during the second quarter valued at $402,000. Finally, California State Teachers Retirement System raised its stake in shares of Alarm.com Holdings by 25.4% in the second quarter. California State Teachers Retirement System now owns 21,631 shares of the company’s stock valued at $554,000 after buying an additional 4,376 shares in the last quarter. Institutional investors and hedge funds own 61.49% of the company’s stock.
Shares of Alarm.com Holdings Inc. (NASDAQ:ALRM) traded up 0.21% during trading on Friday, reaching $29.30. The company had a trading volume of 129,386 shares. The company has a market cap of $1.34 billion, a P/E ratio of 124.15 and a beta of 1.91. Alarm.com Holdings Inc. has a 12-month low of $11.86 and a 12-month high of $33.13. The firm has a 50-day moving average of $27.37 and a 200-day moving average of $25.15.
Alarm.com Holdings (NASDAQ:ALRM) last issued its quarterly earnings results on Monday, August 15th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The company had revenue of $64.42 million for the quarter, compared to the consensus estimate of $58.61 million. Alarm.com Holdings had a negative return on equity of 18.64% and a net margin of 4.74%. The firm’s revenue was up 24.0% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share. On average, equities research analysts anticipate that Alarm.com Holdings Inc. will post $0.50 EPS for the current year.
Several analysts recently weighed in on the company. Credit Suisse Group AG reissued an “outperform” rating and issued a $28.00 price objective on shares of Alarm.com Holdings in a report on Monday, August 15th. Imperial Capital lowered Alarm.com Holdings from an “outperform” rating to an “in-line” rating and set a $24.50 price objective for the company. in a report on Tuesday, June 21st. First Analysis assumed coverage on Alarm.com Holdings in a report on Thursday, July 7th. They issued an “overweight” rating and a $32.00 price objective for the company. Raymond James Financial Inc. lowered Alarm.com Holdings from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 16th. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a $28.00 target price (up from $25.00) on shares of Alarm.com Holdings in a report on Friday, June 24th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $28.05.
In related news, insider Jean-Paul Martin sold 50,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 172,904 shares in the company, valued at $4,268,999.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 78.50% of the stock is currently owned by corporate 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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