The Manufacturers Life Insurance Company Acquires 7,877 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

The Manufacturers Life Insurance Company raised its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 88.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 16,761 shares of the software maker’s stock after purchasing an additional 7,877 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Alarm.com were worth $630,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ALRM. BNP Paribas Arbitrage SA boosted its holdings in shares of Alarm.com by 95.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock valued at $156,000 after buying an additional 2,033 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Alarm.com by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock worth $159,000 after purchasing an additional 632 shares in the last quarter. Legal & General Group Plc boosted its stake in Alarm.com by 57.4% in the 2nd quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after purchasing an additional 1,673 shares in the last quarter. American International Group Inc. boosted its stake in Alarm.com by 7.1% in the 1st quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock worth $195,000 after purchasing an additional 422 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Alarm.com by 918.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,129 shares of the software maker’s stock worth $268,000 after purchasing an additional 6,429 shares in the last quarter. Institutional investors and hedge funds own 83.16% of the company’s stock.

In other Alarm.com news, insider David Hutz sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $43.87, for a total value of $153,545.00. Following the transaction, the insider now owns 87,022 shares of the company’s stock, valued at $3,817,655.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Drew sold 37,288 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $44.49, for a total transaction of $1,658,943.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 331,159 shares of company stock worth $14,531,902. Corporate insiders own 46.80% of the company’s stock.

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) traded up $0.14 on Wednesday, reaching $37.55. 452,389 shares of the company’s stock traded hands, compared to its average volume of 369,109. Alarm.com Holdings, Inc. has a 52 week low of $26.68 and a 52 week high of $49.49. The company has a debt-to-equity ratio of -0.81, a quick ratio of 2.88 and a current ratio of 3.16. The firm has a market cap of $1,770.00 and a PE ratio of 41.76.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.07. The company had revenue of $90.00 million for the quarter, compared to analysts’ expectations of $83.04 million. Alarm.com had a net margin of 9.97% and a negative return on equity of 42.00%. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS. sell-side analysts predict that Alarm.com Holdings, Inc. will post 0.83 EPS for the current year.

ALRM has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Jefferies Group started coverage on shares of Alarm.com in a research note on Friday, October 6th. They set a “hold” rating and a $43.00 price objective for the company. William Blair restated an “outperform” rating on shares of Alarm.com in a research note on Thursday, September 21st. Credit Suisse Group restated an “outperform” rating and set a $46.00 price objective (up from $37.00) on shares of Alarm.com in a research note on Wednesday, August 9th. Finally, Northland Securities reaffirmed a “buy” rating and set a $51.00 target price on shares of Alarm.com in a report on Friday, October 13th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $46.90.

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Alarm.com Company Profile

Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.

Institutional Ownership by Quarter for Alarm.com (NASDAQ:ALRM)

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