Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stock Holdings Lessened by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 2.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,282 shares of the software maker’s stock after selling 225 shares during the period. HighTower Advisors LLC’s holdings in Alarm.com were worth $504,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in Alarm.com in the fourth quarter valued at approximately $25,000. Quarry LP boosted its position in Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after purchasing an additional 525 shares during the period. Nisa Investment Advisors LLC grew its stake in Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after buying an additional 539 shares during the last quarter. Smartleaf Asset Management LLC grew its stake 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 worth $63,000 after buying an additional 779 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Alarm.com by 29.5% in the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after buying an additional 238 shares during the period. Institutional investors own 91.74% of the company’s stock.

Insider Activity at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value 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 $2,191,875. This represents a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by insiders.

Alarm.com Stock Performance

Shares of ALRM stock opened at $55.81 on Monday. The business has a 50 day simple moving average of $60.10 and a 200 day simple moving average of $59.45. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 3.59 and a beta of 1.10. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $72.37.

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 the consensus estimate of $0.53 by ($0.06). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The business had revenue of $242.24 million during the quarter, compared to the consensus estimate of $237.44 million. On average, equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. One investment 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. According to data from MarketBeat, Alarm.com presently has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Company 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.