Trust Point Inc. Has $726,000 Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Trust Point Inc. reduced its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 34.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,940 shares of the software maker's stock after selling 6,160 shares during the period. Trust Point Inc.'s holdings in Alarm.com were worth $726,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Alarm.com by 6.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker's stock worth $157,168,000 after buying an additional 163,851 shares during the period. Geneva Capital Management LLC grew its holdings in shares of Alarm.com by 0.8% in the 3rd quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker's stock worth $71,480,000 after purchasing an additional 10,630 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Alarm.com by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker's stock worth $28,513,000 after purchasing an additional 7,567 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Alarm.com by 2.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker's stock worth $23,786,000 after purchasing an additional 9,935 shares during the last quarter. Finally, DF Dent & Co. Inc. grew its holdings in shares of Alarm.com by 23.3% in the 3rd quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker's stock worth $19,648,000 after purchasing an additional 67,824 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ALRM shares. The Goldman Sachs Group upped their target price on shares of Alarm.com from $64.00 to $67.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Barclays upped their target price on shares of Alarm.com from $60.00 to $67.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. StockNews.com raised shares of Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. Finally, Jefferies Financial Group started coverage on shares of Alarm.com in a report on Tuesday, November 5th. They set a "buy" rating and a $65.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $64.40.

Alarm.com Trading Down 1.5 %

Shares of NASDAQ ALRM traded down $0.97 during mid-day trading on Friday, hitting $62.41. The company's stock had a trading volume of 263,284 shares, compared to its average volume of 237,826. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 3.82 and a beta of 0.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $77.29. The company's fifty day simple moving average is $62.98 and its 200-day simple moving average is $60.10.

Insider Activity

In other news, Director Stephen C. Evans sold 2,625 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total value of $156,633.75. Following the transaction, the director now owns 5,767 shares of the company's stock, valued at approximately $344,116.89. This trade represents a 31.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Kerzner sold 32,851 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the completion of the sale, the insider now owns 59,668 shares in the company, valued at $3,961,955.20. This represents a 35.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,976 shares of company stock valued at $5,576,490. 5.60% of the stock is currently owned by insiders.

About Alarm.com

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.