Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,164 shares of the software maker's stock after selling 7,255 shares during the period. Oppenheimer Asset Management Inc. owned 0.08% of Alarm.com worth $2,442,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in Alarm.com by 4.5% in the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker's stock valued at $16,130,000 after purchasing an additional 11,531 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Alarm.com by 6.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 35,127 shares of the software maker's stock valued at $2,136,000 after buying an additional 1,990 shares during the period. Rhumbline Advisers boosted its position in Alarm.com by 2.4% during the fourth quarter. Rhumbline Advisers now owns 134,229 shares of the software maker's stock worth $8,161,000 after acquiring an additional 3,153 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in Alarm.com in the 4th quarter worth approximately $2,270,000. Finally, Entropy Technologies LP raised its holdings in Alarm.com by 63.8% in the 4th quarter. Entropy Technologies LP now owns 6,677 shares of the software maker's stock valued at $406,000 after acquiring an additional 2,600 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

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Insider Buying and Selling

In related news, CEO Stephen Trundle sold 47,500 shares of Alarm.com stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the sale, the chief executive officer now owns 252,682 shares of the company's stock, valued at $17,227,858.76. The trade was a 15.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel Kerzner sold 32,851 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $66.40, for a total value of $2,181,306.40. Following the sale, the insider now owns 59,668 shares of the company's stock, valued at approximately $3,961,955.20. This trade represents a 35.51 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Alarm.com Trading Down 0.6 %

Shares of NASDAQ:ALRM traded down $0.35 during trading on Thursday, reaching $59.39. 151,382 shares of the stock were exchanged, compared to its average volume of 325,674. The firm's 50-day moving average price is $61.04 and its 200 day moving average price is $59.47. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 3.59 and a beta of 0.98. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $76.34. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The business had revenue of $242.24 million for the quarter, compared to analysts' expectations of $237.44 million. On average, sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. restated 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 upgraded Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. The Goldman Sachs Group increased their price objective 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. Finally, Barclays boosted their target price on shares of Alarm.com from $60.00 to $67.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $64.40.

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.