Fox Run Management L.L.C. Invests $768,000 in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Fox Run Management L.L.C. purchased a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,629 shares of the software maker’s stock, valued at approximately $768,000.

A number of other hedge funds have also bought and sold shares of the business. Thrivent Financial for Lutherans raised its stake in shares of Alarm.com by 2.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 42,635 shares of the software maker’s stock worth $2,330,000 after purchasing an additional 971 shares during the period. Jennison Associates LLC increased its holdings in Alarm.com by 75.2% during the third quarter. Jennison Associates LLC now owns 13,118 shares of the software maker’s stock worth $717,000 after buying an additional 5,632 shares during the last quarter. Intech Investment Management LLC bought a new stake in Alarm.com in the third quarter worth about $811,000. Charles Schwab Investment Management Inc. boosted its stake in Alarm.com by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock valued at $28,513,000 after acquiring an additional 7,567 shares during the last quarter. Finally, Nicolet Advisory Services LLC increased its stake in shares of Alarm.com by 6.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker’s stock worth $250,000 after purchasing an additional 272 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

Insider Activity at Alarm.com

In other news, CFO Steve Valenzuela sold 3,436 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. This trade represents a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Alarm.com Stock Performance

NASDAQ ALRM opened at $56.54 on Monday. The firm has a market cap of $2.81 billion, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 3.59 and a beta of 1.10. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The company’s 50 day moving average is $60.45 and its 200-day moving average is $59.38. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $74.25.

Alarm.com (NASDAQ:ALRM) last issued its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The business had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. Sell-side analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.40.

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.