Equitable Trust Co. Decreases Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Equitable Trust Co. cut its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 12.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,726 shares of the software maker’s stock after selling 1,136 shares during the quarter. Equitable Trust Co.’s holdings in Alarm.com were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Alarm.com by 0.8% during the third quarter. Vanguard Group Inc. now owns 5,505,683 shares of the software maker’s stock valued at $357,099,000 after purchasing an additional 45,584 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Alarm.com by 1.8% during the first quarter. William Blair Investment Management LLC now owns 2,532,256 shares of the software maker’s stock worth $127,322,000 after acquiring an additional 44,902 shares during the last quarter. Riverbridge Partners LLC lifted its stake in Alarm.com by 6.0% in the 2nd quarter. Riverbridge Partners LLC now owns 1,976,234 shares of the software maker’s stock worth $102,132,000 after purchasing an additional 111,805 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Alarm.com by 5.3% during the 1st quarter. Geode Capital Management LLC now owns 958,881 shares of the software maker’s stock valued at $48,213,000 after purchasing an additional 48,348 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Alarm.com during the fourth quarter valued at about $24,722,000. Institutional investors own 89.10% of the company’s stock.

Alarm.com Price Performance

Shares of ALRM stock opened at $58.09 on Wednesday. The company has a market capitalization of $2.90 billion, a P/E ratio of 45.03, a P/E/G ratio of 9.22 and a beta of 0.88. The company’s 50-day simple moving average is $57.41 and its two-hundred day simple moving average is $54.17. Alarm.com Holdings, Inc. has a one year low of $44.92 and a one year high of $62.64. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.42 and a quick ratio of 4.75.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, November 9th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $221.85 million during the quarter, compared to analyst estimates of $223.65 million. Alarm.com had a return on equity of 10.73% and a net margin of 7.85%. Alarm.com’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 earnings per share. As a group, equities analysts anticipate that Alarm.com Holdings, Inc. will post 0.93 EPS for the current year.

Analyst Ratings Changes

ALRM has been the subject of a number of research reports. StockNews.com raised Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 10th. Raymond James lifted their target price on Alarm.com from $65.00 to $70.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 10th. TheStreet lowered Alarm.com from a “b-” rating to a “c+” rating in a report on Wednesday, November 1st. Roth Mkm boosted their price objective on shares of Alarm.com from $61.00 to $67.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. Finally, MKM Partners lifted their price target on shares of Alarm.com from $59.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Alarm.com has an average rating of “Buy” and a consensus price target of $65.50.

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 in 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 escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.