AQR Capital Management LLC Raises Stake in Alarm.com Holdings, Inc. (ALRM)

AQR Capital Management LLC increased its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 24.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,792 shares of the software maker’s stock after buying an additional 6,543 shares during the period. AQR Capital Management LLC owned about 0.07% of Alarm.com Holdings worth $1,039,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALRM. Capital Fund Management S.A. bought a new position in shares of Alarm.com Holdings during the first quarter worth approximately $255,000. Parametric Portfolio Associates LLC increased its position in shares of Alarm.com Holdings by 15.3% in the first quarter. Parametric Portfolio Associates LLC now owns 32,269 shares of the software maker’s stock worth $992,000 after buying an additional 4,276 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Alarm.com Holdings during the first quarter worth approximately $674,000. Highbridge Capital Management LLC bought a new position in shares of Alarm.com Holdings during the first quarter worth approximately $461,000. Finally, State Street Corp increased its position in shares of Alarm.com Holdings by 3.5% in the fourth quarter. State Street Corp now owns 164,475 shares of the software maker’s stock worth $4,574,000 after buying an additional 5,597 shares during the last quarter. 78.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) opened at 42.68 on Friday. Alarm.com Holdings, Inc. has a 1-year low of $24.52 and a 1-year high of $42.84. The firm has a 50-day moving average of $38.61 and a 200-day moving average of $33.53. The firm has a market capitalization of $1.99 billion, a PE ratio of 109.16 and a beta of 1.52.

Alarm.com Holdings (NASDAQ:ALRM) last issued its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.14. The company had revenue of $86 million during the quarter, compared to analysts’ expectations of $81.05 million. Alarm.com Holdings had a net margin of 6.50% and a negative return on equity of 35.68%. The business’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS. On average, equities research analysts anticipate that Alarm.com Holdings, Inc. will post $0.97 EPS for the current fiscal year.

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A number of research analysts recently commented on ALRM shares. Zacks Investment Research downgraded shares of Alarm.com Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. 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 price objective on the stock. Credit Suisse Group reaffirmed an “outperform” rating and set a $46.00 price objective (up from $37.00) on shares of Alarm.com Holdings in a research report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $29.00 price objective on shares of Alarm.com Holdings in a research report on Tuesday, July 25th. Finally, Maxim Group lifted 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 note on Wednesday, July 26th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $43.11.

In related news, insider Daniel Kerzner sold 18,500 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $37.04, for a total value of $685,240.00. Following the completion of the transaction, the insider now directly owns 11,065 shares of the company’s stock, valued at $409,847.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David Hutz sold 30,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $40.48, for a total transaction of $1,214,400.00. Following the completion of the transaction, the insider now directly owns 94,022 shares of the company’s stock, valued at $3,806,010.56. The disclosure for this sale can be found here. Insiders sold 220,777 shares of company stock valued at $8,088,734 over the last three months. 78.50% of the stock is owned by company insiders.

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.

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

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