Bank of New York Mellon Corp lessened its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 387,361 shares of the software maker's stock after selling 81,896 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.78% of Alarm.com worth $23,552,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Alarm.com by 29.5% during the fourth 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. Nicolet Advisory Services LLC grew its position in shares of Alarm.com by 6.0% during the third quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker's stock worth $250,000 after buying an additional 272 shares in the last quarter. Huntington National Bank increased its position in shares of Alarm.com by 52.4% in the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker's stock worth $58,000 after purchasing an additional 367 shares during the last quarter. Quarry LP lifted its holdings in Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker's stock worth $39,000 after buying an additional 525 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Alarm.com by 134.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock valued at $57,000 after acquiring an additional 539 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Alarm.com has a consensus rating of "Hold" and an average target price of $64.40.
Read Our Latest Analysis on Alarm.com
Insider Buying and Selling
In other news, insider Daniel Kerzner sold 32,851 shares of Alarm.com stock in a transaction on Friday, December 13th. The stock was sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the transaction, the insider now directly owns 59,668 shares in the company, valued at approximately $3,961,955.20. This trade represents a 35.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.60% of the stock is owned by corporate insiders.
Alarm.com Stock Performance
ALRM traded down $0.75 during trading hours on Thursday, hitting $58.07. The company's stock had a trading volume of 399,430 shares, compared to its average volume of 379,948. The company has a 50-day simple moving average of $60.75 and a 200 day simple moving average of $59.43. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $2.88 billion, a PE ratio of 25.36, a PEG ratio of 3.59 and a beta of 1.10. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $75.39.
Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). The business had revenue of $242.24 million for 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%. As a group, sell-side analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.
About Alarm.com
(
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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