King Luther Capital Management Corp Buys Shares of 69,375 Alarm.com Holdings, Inc. (ALRM)

King Luther Capital Management Corp bought a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 69,375 shares of the software maker’s stock, valued at approximately $2,611,000. King Luther Capital Management Corp owned 0.15% of Alarm.com Holdings as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC grew its position in shares of Alarm.com Holdings by 122.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 56,610 shares of the software maker’s stock valued at $2,130,000 after acquiring an additional 31,173 shares during the period. Teachers Advisors LLC grew its position in shares of Alarm.com Holdings by 113.2% during the 2nd quarter. Teachers Advisors LLC now owns 36,902 shares of the software maker’s stock valued at $1,389,000 after acquiring an additional 19,595 shares during the period. Fiera Capital Corp bought a new position in shares of Alarm.com Holdings during the 2nd quarter valued at approximately $4,534,000. Oak Ridge Investments LLC bought a new position in shares of Alarm.com Holdings during the 2nd quarter valued at approximately $19,059,000. Finally, Timpani Capital Management LLC grew its position in shares of Alarm.com Holdings by 58.8% during the 2nd quarter. Timpani Capital Management LLC now owns 74,045 shares of the software maker’s stock valued at $2,786,000 after acquiring an additional 27,429 shares during the period. 84.05% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on ALRM shares. Northland Securities started coverage on shares of Alarm.com Holdings in a research report on Friday, June 9th. They set an “outperform” rating and a $41.00 target price for the company. Imperial Capital increased their target price on shares of Alarm.com Holdings from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, June 15th. BidaskClub downgraded shares of Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Stifel Nicolaus reissued a “hold” rating and set a $29.00 target price on shares of Alarm.com Holdings in a research report on Tuesday, July 25th. Finally, Maxim Group increased their target price on shares of Alarm.com Holdings from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $43.11.

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In other Alarm.com Holdings news, insider David Hutz sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $36.96, for a total transaction of $129,360.00. Following the completion of the sale, the insider now directly owns 134,522 shares of the company’s stock, valued at $4,971,933.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephen Trundle sold 78,542 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $45.25, for a total transaction of $3,554,025.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 390,942 shares of company stock valued at $16,660,872. 46.80% of the stock is owned by corporate insiders.

Alarm.com Holdings, Inc. (NASDAQ ALRM) opened at 44.38 on Monday. The company has a 50-day moving average of $44.23 and a 200 day moving average of $37.53. Alarm.com Holdings, Inc. has a 12-month low of $25.01 and a 12-month high of $45.93. The company has a market capitalization of $2.07 billion, a P/E ratio of 113.50 and a beta of 1.48.

Alarm.com Holdings (NASDAQ:ALRM) last announced its earnings results on Tuesday, August 8th. The software maker reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.14. Alarm.com Holdings had a net margin of 6.50% and a negative return on equity of 35.68%. The business had revenue of $86.00 million during the quarter, compared to analysts’ expectations of $81.05 million. During the same period in the prior year, the company earned $0.15 earnings per share. The firm’s revenue was up 33.5% on a year-over-year basis. Equities research analysts forecast that Alarm.com Holdings, Inc. will post $0.97 earnings per share for the current fiscal year.

Alarm.com Holdings 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.

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

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