Aigen Investment Management LP Lowers Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Aigen Investment Management LP decreased its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 52.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,870 shares of the software maker's stock after selling 5,338 shares during the period. Aigen Investment Management LP's holdings in Alarm.com were worth $296,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new position in shares of Alarm.com in the fourth quarter valued at about $25,000. Quarry LP boosted its holdings in shares of Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker's stock worth $39,000 after acquiring an additional 525 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Alarm.com by 134.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock valued at $57,000 after purchasing an additional 539 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Alarm.com by 305.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock worth $63,000 after purchasing an additional 779 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock worth $64,000 after purchasing an additional 238 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Alarm.com from a "hold" rating to a "buy" rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $64.40.

Insider Activity

In other Alarm.com news, insider Daniel Kerzner sold 32,851 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $66.40, for a total value of $2,181,306.40. Following the transaction, the insider now owns 59,668 shares in the company, valued at approximately $3,961,955.20. This represents a 35.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.60% of the stock is currently owned by company insiders.

Alarm.com Trading Up 0.6 %

ALRM traded up $0.36 during midday trading on Wednesday, hitting $58.84. 351,370 shares of the company were exchanged, compared to its average volume of 378,615. The firm has a market capitalization of $2.92 billion, a P/E ratio of 25.69, a P/E/G ratio of 3.59 and a beta of 1.10. The firm's 50 day moving average price is $60.79 and its 200-day moving average price is $59.44. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. Alarm.com Holdings, Inc. has a 1-year low of $51.87 and a 1-year high of $75.39.

Alarm.com (NASDAQ:ALRM - Get Free Report) last announced its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The firm had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. As a group, equities analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Alarm.com Company Profile

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.