Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stock Holdings Lessened by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 23.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 621,010 shares of the software maker's stock after selling 185,604 shares during the period. New York State Common Retirement Fund owned 1.24% of Alarm.com worth $33,951,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ALRM. Assenagon Asset Management S.A. boosted its stake in Alarm.com by 230.6% in the third quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker's stock valued at $20,844,000 after acquiring an additional 265,936 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Alarm.com by 2,394.6% in the 2nd quarter. Bank of Montreal Can now owns 273,730 shares of the software maker's stock valued at $17,406,000 after purchasing an additional 262,757 shares during the period. Disciplined Growth Investors Inc. MN grew its stake in Alarm.com by 6.2% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker's stock worth $172,257,000 after buying an additional 158,465 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Alarm.com by 1,729.4% in the 2nd quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker's stock valued at $7,512,000 after acquiring an additional 111,768 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in Alarm.com by 1,027.6% in the second quarter. Cubist Systematic Strategies LLC now owns 117,076 shares of the software maker's stock valued at $7,439,000 after purchasing an additional 106,693 shares during the period. Institutional investors and hedge funds own 91.74% of the company's stock.

Alarm.com Stock Performance

Shares of Alarm.com stock traded up $0.09 on Friday, reaching $53.42. 310,526 shares of the stock were exchanged, compared to its average volume of 299,991. Alarm.com Holdings, Inc. has a 1-year low of $50.57 and a 1-year high of $77.29. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52. The business has a fifty day moving average price of $54.98 and a two-hundred day moving average price of $61.59. The firm has a market capitalization of $2.63 billion, a PE ratio of 26.58, a PEG ratio of 3.21 and a beta of 0.90.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.09. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The company had revenue of $233.80 million for the quarter, compared to analyst estimates of $227.35 million. During the same period in the prior year, the business posted $0.33 earnings per share. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, research analysts anticipate that Alarm.com Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ALRM has been the topic of a number of recent research reports. StockNews.com upgraded shares of Alarm.com from a "hold" rating to a "buy" rating in a research note on Friday, September 13th. The Goldman Sachs Group initiated coverage on shares of Alarm.com in a research note on Friday, September 6th. They issued a "neutral" rating and a $64.00 price objective on the stock. Roth Mkm dropped their price objective on shares of Alarm.com from $78.00 to $73.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Finally, Barclays dropped their price objective on shares of Alarm.com from $72.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, October 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Alarm.com has an average rating of "Hold" and a consensus price target of $66.75.

Insiders Place Their Bets

In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the sale, the chief financial officer now owns 37,500 shares of the company's stock, valued at $2,260,125. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the sale, the chief financial officer now owns 37,500 shares of the company's stock, valued at $2,260,125. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Ramos sold 9,476 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the sale, the insider now directly owns 41,100 shares in the company, valued at $2,540,391. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Alarm.com 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.