Alarm.com Holdings, Inc. (NASDAQ:ALRM) Holdings Cut by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,405 shares of the software maker’s stock after selling 3,909 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.15% of Alarm.com worth $4,645,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Summit Investment Advisors Inc. lifted its holdings in Alarm.com by 3.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker’s stock worth $301,000 after acquiring an additional 172 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings 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 buying an additional 200 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Alarm.com by 1.0% during the fourth quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker’s stock valued at $1,710,000 after buying an additional 281 shares during the last quarter. Quarry LP raised its holdings in shares of Alarm.com by 43.0% during the fourth quarter. Quarry LP now owns 1,008 shares of the software maker’s stock valued at $61,000 after buying an additional 303 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Alarm.com by 0.3% during the fourth quarter. Legal & General Group Plc now owns 139,290 shares of the software maker’s stock valued at $8,469,000 after buying an additional 401 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Alarm.com Price Performance

Shares of NASDAQ:ALRM opened at $59.64 on Monday. Alarm.com Holdings, Inc. has a 12 month low of $48.23 and a 12 month high of $71.98. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 3.59 and a beta of 1.02. The stock’s 50 day moving average price is $54.62 and its 200 day moving average price is $59.26. 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) last announced its earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). The firm had revenue of $242.24 million for 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%. Equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ALRM. Barclays cut their price target 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 cut their price target on Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Finally, Raymond James cut their price target on Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Alarm.com currently has a consensus rating of “Moderate Buy” and an average price target of $64.33.

Insiders Place Their Bets

In other Alarm.com news, insider Daniel Ramos sold 1,646 shares of Alarm.com stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $59.51, for a total value of $97,953.46. Following the transaction, the insider now owns 36,954 shares in the company, valued at approximately $2,199,132.54. The trade was a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Steve Valenzuela sold 3,436 shares of Alarm.com stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 37,500 shares in the company, valued at approximately $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 90 days, insiders have sold 22,511 shares of company stock worth $1,329,787. 5.80% of the stock is owned by insiders.

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.