California State Teachers Retirement System boosted its position in Alarm.com Holdings Inc. (NASDAQ:ALRM) by 25.4% during the second quarter, Holdings Channel reports. The firm owned 21,631 shares of the company’s stock after buying an additional 4,376 shares during the period. California State Teachers Retirement System’s holdings in Alarm.com Holdings were worth $554,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of ALRM. Acadian Asset Management LLC purchased a new position in Alarm.com Holdings during the second quarter worth approximately $165,000. Royal Bank of Canada boosted its position 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 worth $193,000 after buying an additional 8,131 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Alarm.com Holdings by 4.1% in the first quarter. Geode Capital Management LLC now owns 67,769 shares of the company’s stock worth $1,606,000 after buying an additional 2,652 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Alarm.com Holdings by 114.6% in the second quarter. Bank of New York Mellon Corp now owns 67,562 shares of the company’s stock worth $1,731,000 after buying an additional 36,074 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Alarm.com Holdings during the second quarter worth about $2,648,000. Institutional investors and hedge funds own 61.49% of the company’s stock.
Shares of Alarm.com Holdings Inc. (NASDAQ:ALRM) traded up 0.92% during midday trading on Friday, reaching $29.51. The company had a trading volume of 311,522 shares. The firm’s 50 day moving average price is $27.41 and its 200-day moving average price is $25.21. Alarm.com Holdings Inc. has a 12 month low of $11.86 and a 12 month high of $33.13. The company has a market capitalization of $1.35 billion, a P/E ratio of 125.04 and a beta of 1.91.
Alarm.com Holdings (NASDAQ:ALRM) last posted its earnings results on Monday, August 15th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. The business had revenue of $64.42 million for the quarter, compared to analysts’ expectations of $58.61 million. Alarm.com Holdings had a net margin of 4.74% and a negative return on equity of 18.64%. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Analysts anticipate that Alarm.com Holdings Inc. will post $0.50 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on ALRM shares. 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 report on Thursday, August 18th. BB&T Corp. started coverage on shares of Alarm.com Holdings in a report on Wednesday, June 15th. They issued a “buy” rating and a $27.00 target price on the stock. Bank of America Corp. reissued a “buy” rating and issued a $28.00 target price (up previously from $25.00) on shares of Alarm.com Holdings in a report on Friday, June 24th. Goldman Sachs Group Inc. raised their target price on shares of Alarm.com Holdings from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Finally, Roth Capital started coverage on shares of Alarm.com Holdings in a report on Monday, October 3rd. They issued a “buy” rating and a $33.50 target price on the stock. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $28.05.
In related news, insider Jean-Paul Martin sold 50,000 shares of the company’s 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 sale, the insider now owns 172,904 shares of the company’s stock, valued at $4,268,999.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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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