Great West Life Assurance Co. Can Buys Shares of 54,578 Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Great West Life Assurance Co. Can purchased a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 54,578 shares of the software maker's stock, valued at approximately $3,537,000. Great West Life Assurance Co. Can owned about 0.11% of Alarm.com as of its most recent filing with the Securities and Exchange Commission (SEC).

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Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Riverbridge Partners LLC increased its holdings in shares of Alarm.com by 9.0% in the third quarter. Riverbridge Partners LLC now owns 1,964,425 shares of the software maker's stock valued at $127,413,000 after purchasing an additional 161,778 shares during the last quarter. Bares Capital Management Inc. increased its holdings in shares of Alarm.com by 3.2% in the second quarter. Bares Capital Management Inc. now owns 868,726 shares of the software maker's stock valued at $53,739,000 after purchasing an additional 26,802 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Alarm.com by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 346,990 shares of the software maker's stock valued at $23,061,000 after purchasing an additional 17,600 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Alarm.com by 0.3% in the first quarter. Invesco Ltd. now owns 262,340 shares of the software maker's stock valued at $17,435,000 after purchasing an additional 667 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Alarm.com by 110.3% in the second quarter. Renaissance Technologies LLC now owns 248,100 shares of the software maker's stock valued at $15,347,000 after purchasing an additional 130,100 shares during the last quarter. Institutional investors and hedge funds own 91.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ALRM. Barclays cut their price target on Alarm.com from $70.00 to $61.00 and set an "equal weight" rating for the company in a report on Tuesday, November 8th. Roth Capital lowered their price objective on Alarm.com from $81.00 to $65.00 in a research report on Wednesday, November 9th. TheStreet lowered Alarm.com from a "b-" rating to a "c" rating in a research report on Wednesday, November 9th. StockNews.com lowered Alarm.com from a "buy" rating to a "hold" rating in a research report on Friday, October 14th. Finally, Maxim Group lowered their price objective on Alarm.com from $90.00 to $80.00 in a research report on Thursday, November 3rd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Alarm.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.20.

Alarm.com Trading Up 2.5 %

ALRM opened at $52.27 on Tuesday. Alarm.com Holdings, Inc. has a 52 week low of $46.94 and a 52 week high of $78.99. The business has a fifty day simple moving average of $50.16 and a 200-day simple moving average of $60.52. The firm has a market cap of $2.61 billion, a P/E ratio of 56.82, a P/E/G ratio of 5.49 and a beta of 1.00. The company has a quick ratio of 5.08, a current ratio of 5.82 and a debt-to-equity ratio of 0.82.

Alarm.com (NASDAQ:ALRM - Get Rating) last released its quarterly earnings results on Tuesday, November 8th. The software maker reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. Alarm.com had a return on equity of 10.76% and a net margin of 5.71%. The business had revenue of $216.14 million during the quarter, compared to analyst estimates of $210.63 million. On average, equities analysts expect that Alarm.com Holdings, Inc. will post 1.11 earnings per share for the current year.

Alarm.com Company Profile

Alarm.com Holdings, Inc provides cloud-based solutions for smart residential and commercial properties in the United States and internationally. It operates in two segments, Alarm.com and Other. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, door locks, garage doors, Internet of Things, thermostats, and video cameras; and video monitoring solutions, such as video analytics, live streaming, video doorbell, video clips, video alerts, continuous high definition recording, and commercial video surveillance solutions.

See Also

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