Louisiana State Employees Retirement System Has $1.30 Million Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Louisiana State Employees Retirement System trimmed its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 5.9% during the third quarter, HoldingsChannel.com reports. The fund owned 23,800 shares of the software maker’s stock after selling 1,500 shares during the period. Louisiana State Employees Retirement System’s holdings in Alarm.com were worth $1,301,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Oakworth Capital Inc. acquired a new stake in shares of Alarm.com in the 3rd quarter valued at approximately $38,000. Point72 DIFC Ltd raised its position in shares of Alarm.com by 293.6% in the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after acquiring an additional 1,101 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Alarm.com in the 2nd quarter valued at approximately $108,000. CWM LLC raised its position in shares of Alarm.com by 42.0% in the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after acquiring an additional 618 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in shares of Alarm.com by 8.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after acquiring an additional 183 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alarm.com

In related news, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the transaction, the insider now directly owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at $2,260,125. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the sale, the insider now directly owns 41,100 shares of the company’s stock, valued at $2,540,391. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

ALRM has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on Alarm.com in a research note on Friday, September 6th. They set a “neutral” rating and a $64.00 target price for the company. Barclays lowered their target price on Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Roth Mkm lowered their target price on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $66.75.

Alarm.com Price Performance

Shares of ALRM opened at $53.42 on Friday. The stock has a market capitalization of $2.63 billion, a P/E ratio of 26.85, a P/E/G ratio of 3.27 and a beta of 0.90. Alarm.com Holdings, Inc. has a twelve month low of $50.57 and a twelve month high of $77.29. The company has a 50 day moving average of $55.15 and a 200-day moving average of $61.70. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.09. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The company had revenue of $233.80 million during the quarter, compared to analysts’ expectations of $227.35 million. During the same period last year, the business earned $0.33 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts forecast that Alarm.com Holdings, Inc. will post 1.4 EPS for the current fiscal 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.