Prudential Financial Inc. Lowers Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Prudential Financial Inc. lowered its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 19.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,684 shares of the software maker's stock after selling 13,300 shares during the quarter. Prudential Financial Inc. owned approximately 0.11% of Alarm.com worth $3,264,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Alarm.com during the fourth quarter worth about $25,000. Quarry LP grew its stake in shares of Alarm.com by 291.7% in the 3rd quarter. Quarry LP now owns 705 shares of the software maker's stock valued at $39,000 after purchasing an additional 525 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Alarm.com by 134.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock valued at $57,000 after purchasing an additional 539 shares during the period. Smartleaf Asset Management LLC increased its stake in Alarm.com by 305.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock valued at $63,000 after buying an additional 779 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of 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 acquiring an additional 238 shares during the period. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Price Performance

Shares of NASDAQ ALRM traded down $0.48 during midday trading on Monday, hitting $50.45. The company had a trading volume of 726,940 shares, compared to its average volume of 409,001. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $71.98. The business has a 50-day simple moving average of $59.10 and a two-hundred day simple moving average of $59.41. 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 (NASDAQ:ALRM - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). The firm had revenue of $242.24 million for the quarter, compared to analysts' expectations of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $64.40.

Insider Activity at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the sale, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,191,875. This represents a 8.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Kerzner sold 932 shares of the firm's stock in a transaction on 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 directly owns 58,736 shares of the company's stock, valued at $3,259,260.64. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,921 shares of company stock valued at $338,727. Insiders own 5.60% of the company's stock.

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.