Renaissance Technologies LLC Cuts Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Renaissance Technologies LLC decreased its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 71.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 51,500 shares of the software maker's stock after selling 128,100 shares during the period. Renaissance Technologies LLC owned 0.10% of Alarm.com worth $3,131,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC increased its stake in shares of Alarm.com by 323.2% during the third quarter. Barclays PLC now owns 91,402 shares of the software maker's stock worth $4,997,000 after purchasing an additional 69,804 shares during the period. GAMMA Investing LLC grew its stake in shares of Alarm.com by 29.5% in the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock valued at $64,000 after acquiring an additional 238 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Alarm.com by 2.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker's stock worth $23,786,000 after acquiring an additional 9,935 shares during the period. Argent Capital Management LLC increased its position in Alarm.com by 38.6% during the fourth quarter. Argent Capital Management LLC now owns 7,096 shares of the software maker's stock worth $431,000 after acquiring an additional 1,975 shares during the period. Finally, Avanza Fonder AB bought a new stake in Alarm.com in the 4th quarter valued at about $120,000. Institutional investors and hedge funds own 91.74% of the company's stock.

Insiders Place Their Bets

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

Alarm.com Trading Up 1.0 %

NASDAQ ALRM traded up $0.50 during trading hours on Friday, hitting $53.04. 283,492 shares of the company's stock were exchanged, compared to its average volume of 419,215. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 3.59 and a beta of 1.03. The stock has a 50-day simple moving average of $55.54 and a 200 day simple moving average of $59.03. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $71.98.

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 for the quarter, missing the consensus estimate of $0.53 by ($0.06). The company had revenue of $242.24 million during the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. On average, equities analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ALRM. Barclays dropped their price target on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group decreased their price target on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $61.20.

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.