Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 82.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,322 shares of the software maker's stock after selling 19,855 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Alarm.com were worth $263,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Alarm.com by 6.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker's stock valued at $157,168,000 after acquiring an additional 163,851 shares in the last quarter. Geneva Capital Management LLC lifted its holdings in shares of Alarm.com by 0.8% during the 3rd quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker's stock valued at $71,480,000 after acquiring an additional 10,630 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Alarm.com by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker's stock valued at $28,513,000 after acquiring an additional 7,567 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Alarm.com by 2.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker's stock valued at $23,786,000 after acquiring an additional 9,935 shares in the last quarter. Finally, DF Dent & Co. Inc. lifted its holdings in shares of Alarm.com by 23.3% during the 3rd quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker's stock valued at $19,648,000 after acquiring an additional 67,824 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

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Alarm.com Stock Up 0.2 %

Alarm.com stock traded up $0.09 during midday trading on Friday, hitting $58.92. 357,271 shares of the stock were exchanged, compared to its average volume of 331,872. The company has a 50 day moving average price of $60.89 and a two-hundred day moving average price of $59.46. The firm has a market cap of $2.93 billion, a P/E ratio of 25.73, a P/E/G ratio of 3.59 and a beta of 0.98. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $76.34. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its earnings results 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 return on equity of 13.55% and a net margin of 13.21%. On average, sell-side analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Insider Transactions at Alarm.com

In related news, CEO Stephen Trundle sold 47,500 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the completion of the sale, the chief executive officer now owns 252,682 shares of the company's stock, valued at $17,227,858.76. This represents a 15.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Kerzner sold 32,851 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the sale, the insider now directly owns 59,668 shares of the company's stock, valued at approximately $3,961,955.20. This represents a 35.51 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on ALRM shares. StockNews.com upgraded shares of Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Barclays lifted their price target on shares of Alarm.com from $60.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Alarm.com from $64.00 to $67.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. One 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.com, Alarm.com presently has an average rating of "Hold" and an average price target of $64.40.

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.