Comerica Bank Sells 524 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Comerica Bank cut its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,792 shares of the software maker’s stock after selling 524 shares during the quarter. Comerica Bank owned approximately 0.05% of Alarm.com worth $1,568,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in Alarm.com during the 4th quarter valued at about $25,000. C M Bidwell & Associates Ltd. bought a new position in shares of Alarm.com in the fourth quarter valued at approximately $36,000. Nisa Investment Advisors LLC boosted its holdings in shares of Alarm.com by 134.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after acquiring an additional 539 shares in the last quarter. Quarry LP grew its position in Alarm.com by 43.0% during the 4th quarter. Quarry LP now owns 1,008 shares of the software maker’s stock worth $61,000 after acquiring an additional 303 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Alarm.com by 305.5% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 1,553 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $13,935,148.21. This 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 accessible through the SEC website. Also, CFO Steve Valenzuela sold 3,436 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total transaction of $200,834.20. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,191,875. This trade represents a 8.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,921 shares of company stock valued at $338,727. 5.80% of the stock is currently owned by company insiders.

Alarm.com Stock Performance

Alarm.com stock opened at $56.02 on Friday. Alarm.com Holdings, Inc. has a 1 year low of $48.23 and a 1 year high of $71.98. The company’s 50-day moving average is $54.52 and its two-hundred day moving average is $59.04. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The company has a market cap of $2.79 billion, a PE ratio of 24.46, a PEG ratio of 3.59 and a beta of 1.02.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data 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). The business 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%. Equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Analyst Ratings Changes

ALRM has been the topic of several research analyst reports. Barclays decreased their target price on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group lowered their price objective on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Finally, Raymond James reduced their target price on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Alarm.com presently has an average rating of “Moderate Buy” and a consensus target price of $64.33.

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.