Dynamic Technology Lab Private Ltd lessened its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 43.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,800 shares of the software maker's stock after selling 9,740 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Alarm.com were worth $778,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of ALRM. Resona Asset Management Co. Ltd. purchased a new position in shares of Alarm.com in the fourth quarter valued at $746,000. Wells Fargo & Company MN boosted its position in Alarm.com by 14.1% in the 4th quarter. Wells Fargo & Company MN now owns 375,233 shares of the software maker's stock valued at $22,814,000 after buying an additional 46,262 shares during the last quarter. Integrated Quantitative Investments LLC purchased a new position in Alarm.com in the 4th quarter valued at about $993,000. Landscape Capital Management L.L.C. grew its stake in shares of Alarm.com by 58.3% during the fourth quarter. Landscape Capital Management L.L.C. now owns 29,030 shares of the software maker's stock valued at $1,765,000 after acquiring an additional 10,688 shares in the last quarter. Finally, Motley Fool Asset Management LLC increased its position in shares of Alarm.com by 9.8% during the fourth quarter. Motley Fool Asset Management LLC now owns 168,403 shares of the software maker's stock worth $10,239,000 after acquiring an additional 15,029 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com raised Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $64.40.
Check Out Our Latest Analysis on ALRM
Alarm.com Stock Down 0.1 %
Shares of ALRM stock traded down $0.07 during trading hours on Friday, hitting $51.06. 72,221 shares of the company were exchanged, compared to its average volume of 411,060. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 3.59 and a beta of 1.03. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $71.98. The business's 50-day simple moving average is $58.10 and its two-hundred day simple moving average is $59.20. 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 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). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The firm had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. Sell-side analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.
Insider Buying and Selling at Alarm.com
In other news, insider Daniel Kerzner sold 932 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the transaction, the insider now directly owns 58,736 shares of the company's stock, valued at approximately $3,259,260.64. This 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 can be accessed through the SEC website. Also, CEO Stephen Trundle sold 1,553 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $86,175.97. Following the completion of the sale, the chief executive officer now directly owns 251,129 shares in the company, valued at approximately $13,935,148.21. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,921 shares of company stock worth $338,727 over the last 90 days. Insiders own 5.60% of the company's stock.
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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