Alliancebernstein L.P. trimmed its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 29.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,571 shares of the software maker's stock after selling 75,386 shares during the quarter. Alliancebernstein L.P. owned 0.37% of Alarm.com worth $11,040,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of ALRM. SBI Securities Co. Ltd. acquired a new position in Alarm.com during the fourth quarter worth $25,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Alarm.com in the 4th quarter worth about $36,000. Quarry LP lifted its position in Alarm.com by 291.7% in the 3rd quarter. Quarry LP now owns 705 shares of the software maker's stock valued at $39,000 after acquiring an additional 525 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Alarm.com by 134.8% during the 4th 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. Finally, Smartleaf Asset Management LLC boosted its stake in Alarm.com by 305.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock valued at $63,000 after purchasing an additional 779 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.
Insider Activity at Alarm.com
In other news, insider Daniel Kerzner sold 932 shares of Alarm.com stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the transaction, the insider now owns 58,736 shares in the company, valued at $3,259,260.64. This trade represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen Trundle sold 1,553 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $86,175.97. Following the sale, the chief executive officer now owns 251,129 shares in the company, valued at $13,935,148.21. The trade was a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,921 shares of company stock worth $338,727. Company insiders own 5.60% of the company's stock.
Alarm.com Stock Performance
Shares of Alarm.com stock traded up $0.57 on Tuesday, reaching $52.07. 27,784 shares of the company traded hands, compared to its average volume of 411,907. The company has a 50 day moving average of $57.65 and a 200 day moving average of $59.20. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. Alarm.com Holdings, Inc. has a 52 week low of $48.23 and a 52 week high of $71.98. The firm has a market capitalization of $2.59 billion, a PE ratio of 22.75, a PEG ratio of 3.59 and a beta of 1.03.
Alarm.com (NASDAQ:ALRM - Get Free Report) last released its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). The firm had revenue of $242.24 million during the quarter, compared to analysts' expectations of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Equities analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on ALRM shares. StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. Barclays cut their target price on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Alarm.com currently has an average rating of "Hold" and a consensus target price of $63.00.
Get Our Latest Report on ALRM
Alarm.com Company Profile
(
Free Report)
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.
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