Teachers Retirement System of The State of Kentucky Sells 21,501 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Teachers Retirement System of The State of Kentucky trimmed its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 57.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 16,149 shares of the software maker's stock after selling 21,501 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Alarm.com were worth $883,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Disciplined Growth Investors Inc. MN raised its position in Alarm.com by 6.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker's stock valued at $157,168,000 after purchasing an additional 163,851 shares during the last quarter. Barclays PLC increased its stake in shares of Alarm.com by 323.2% in the third quarter. Barclays PLC now owns 91,402 shares of the software maker's stock valued at $4,997,000 after buying an additional 69,804 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Alarm.com in the third quarter valued at approximately $1,322,000. XTX Topco Ltd raised its holdings in Alarm.com by 15.5% in the 3rd quarter. XTX Topco Ltd now owns 6,529 shares of the software maker's stock valued at $357,000 after buying an additional 877 shares during the last quarter. Finally, DF Dent & Co. Inc. boosted its position in Alarm.com by 23.3% during the 3rd quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker's stock worth $19,648,000 after buying an additional 67,824 shares during the period. Institutional investors and hedge funds own 91.74% of the company's stock.

Insider Buying and Selling

In other news, Director Stephen C. Evans sold 2,625 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the transaction, the director now owns 5,767 shares in the company, valued at approximately $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel Kerzner sold 32,851 shares of the stock in a transaction dated 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 $3,961,955.20. This trade represents a 35.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,976 shares of company stock valued at $5,576,490 over the last 90 days. Company insiders own 5.60% of the company's stock.

Alarm.com Trading Down 0.3 %

Alarm.com stock traded down $0.19 during trading hours on Thursday, reaching $64.35. 410,311 shares of the company's stock were exchanged, compared to its average volume of 378,385. The firm's 50 day simple moving average is $60.18 and its 200 day simple moving average is $60.70. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $77.29. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $3.18 billion, a PE ratio of 27.86, a PEG ratio of 4.08 and a beta of 0.97.

Wall Street Analyst Weigh In

ALRM has been the subject of several recent research reports. JPMorgan Chase & Co. restated an "underweight" rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday. Barclays lifted their target price on Alarm.com from $60.00 to $67.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. The Goldman Sachs Group increased their price target on Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group assumed coverage on Alarm.com in a research note on Tuesday, November 5th. They issued a "buy" rating and a $65.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $64.40.

About Alarm.com

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.