Alarm.com Holdings, Inc. (NASDAQ:ALRM) Position Trimmed by Blair William & Co. IL

Blair William & Co. IL trimmed its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 7.1% in the second quarter, Holdings Channel.com reports. The firm owned 19,359 shares of the software maker’s stock after selling 1,483 shares during the quarter. Blair William & Co. IL’s holdings in Alarm.com were worth $1,230,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Alarm.com during the fourth quarter worth $220,000. Norges Bank purchased a new stake in shares of Alarm.com during the 4th quarter worth about $33,277,000. Trexquant Investment LP lifted its holdings in shares of Alarm.com by 13.9% during the 4th quarter. Trexquant Investment LP now owns 20,604 shares of the software maker’s stock valued at $1,331,000 after buying an additional 2,522 shares during the last quarter. Olympiad Research LP grew its stake in shares of Alarm.com by 14.2% in the 4th quarter. Olympiad Research LP now owns 6,705 shares of the software maker’s stock valued at $433,000 after buying an additional 832 shares in the last quarter. Finally, Armistice Capital LLC acquired a new position in Alarm.com in the fourth quarter worth approximately $346,000. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Barclays reduced their price objective on shares of Alarm.com from $78.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, July 11th. Finally, The Goldman Sachs Group started coverage on shares of Alarm.com in a research report on Friday, September 6th. They set a “neutral” rating and a $64.00 target price on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $69.00.

Alarm.com Trading Down 1.7 %

NASDAQ:ALRM opened at $55.20 on Wednesday. The company’s 50 day moving average is $61.08 and its 200-day moving average is $65.00. 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 Holdings, Inc. has a 12 month low of $49.70 and a 12 month high of $77.29. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 32.66, a P/E/G ratio of 3.26 and a beta of 0.90.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, August 8th. The software maker reported $0.58 EPS 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 firm had revenue of $233.80 million for the quarter, compared to the consensus estimate of $227.35 million. During the same quarter last year, the firm posted $0.33 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.4 EPS for the current year.

About Alarm.com

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.