Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stock Position Lessened by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury trimmed its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 24.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,950 shares of the software maker’s stock after selling 7,695 shares during the period. State of Tennessee Department of Treasury’s holdings in Alarm.com were worth $1,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ALRM. Summit Investment Advisors Inc. increased its stake in Alarm.com by 3.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker’s stock valued at $301,000 after buying an additional 172 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Alarm.com by 8.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker’s stock valued at $162,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 238 shares in the last quarter. MetLife Investment Management LLC lifted its position in Alarm.com by 1.0% in the fourth quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker’s stock worth $1,710,000 after purchasing an additional 281 shares during the period. Finally, Legal & General Group Plc boosted its stake in Alarm.com by 0.3% during the 4th quarter. Legal & General Group Plc now owns 139,290 shares of the software maker’s stock valued at $8,469,000 after purchasing an additional 401 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on Alarm.com from $66.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Barclays reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $61.20.

Insider Transactions at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. This trade represents a 8.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stephen Trundle sold 1,553 shares of the company’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 transaction, the chief executive officer now owns 251,129 shares in the company, valued at $13,935,148.21. This represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,921 shares of company stock valued at $338,727 over the last quarter. Company insiders own 5.60% of the company’s stock.

Alarm.com Price Performance

NASDAQ ALRM opened at $53.73 on Wednesday. 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. The company has a market cap of $2.67 billion, a PE ratio of 23.46, a PEG ratio of 3.59 and a beta of 1.03. The stock’s 50-day moving average price is $55.26 and its two-hundred day moving average price is $59.03.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The firm had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. On average, analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

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.