Wells Fargo & Company MN Grows Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Wells Fargo & Company MN grew its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 14.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 375,233 shares of the software maker's stock after acquiring an additional 46,262 shares during the quarter. Wells Fargo & Company MN owned about 0.76% of Alarm.com worth $22,814,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Alarm.com in the 4th quarter worth approximately $25,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Alarm.com in the fourth quarter valued at $36,000. Nisa Investment Advisors LLC increased its stake in Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock worth $57,000 after purchasing an additional 539 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Alarm.com by 305.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock valued at $63,000 after purchasing an additional 779 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock worth $64,000 after buying an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ALRM. The Goldman Sachs Group decreased their target price on Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday. Barclays decreased 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 note on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $61.20.

Alarm.com Stock Performance

NASDAQ:ALRM traded down $0.20 during mid-day trading on Friday, reaching $50.40. 236,297 shares of the stock were exchanged, compared to its average volume of 413,877. 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 Holdings, Inc. has a 1 year low of $48.23 and a 1 year high of $71.98. The company has a 50 day simple moving average of $56.93 and a 200-day simple moving average of $59.05. The stock has a market capitalization of $2.50 billion, a P/E ratio of 22.01, a P/E/G ratio of 3.59 and a beta of 1.03.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). The business had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Stephen Trundle sold 1,553 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were 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 owns 251,129 shares in the company, valued at $13,935,148.21. This trade represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steve Valenzuela sold 3,436 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,191,875. The trade was a 8.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,921 shares of company stock valued at $338,727. Company 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.