Geode Capital Management LLC Sells 7,180 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Geode Capital Management LLC reduced its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,142,153 shares of the software maker's stock after selling 7,180 shares during the period. Geode Capital Management LLC owned about 2.31% of Alarm.com worth $69,459,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Alarm.com by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker's stock worth $383,091,000 after acquiring an additional 68,907 shares in the last quarter. Norges Bank acquired a new position in Alarm.com in the fourth quarter worth $34,841,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Alarm.com by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker's stock worth $32,247,000 after purchasing an additional 8,840 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Alarm.com by 120.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker's stock valued at $24,369,000 after buying an additional 219,203 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Alarm.com by 2.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker's stock valued at $23,786,000 after buying an additional 9,935 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Stephen Trundle sold 1,553 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $86,175.97. Following the sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daniel Kerzner sold 932 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $51,716.68. Following the transaction, the insider now owns 58,736 shares of the company's stock, valued at approximately $3,259,260.64. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,921 shares of company stock valued at $338,727. 5.60% of the stock is owned by company insiders.

Alarm.com Trading Up 0.1 %

Shares of Alarm.com stock traded up $0.05 during trading on Thursday, reaching $50.65. 44,584 shares of the company were exchanged, compared to its average volume of 412,268. 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 twelve month low of $48.23 and a twelve month high of $71.98. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 3.59 and a beta of 1.03. The business has a 50-day moving average price of $57.18 and a 200-day moving average price of $59.08.

Alarm.com (NASDAQ:ALRM - Get Free Report) last announced its quarterly 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). The firm had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. Sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on ALRM. StockNews.com upgraded shares of Alarm.com from a "hold" rating to a "buy" rating in a research report on Wednesday, December 18th. Barclays dropped their target price on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $63.00.

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.