Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,247 shares of the software maker’s stock after selling 300 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Alarm.com worth $2,601,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ALRM. HighTower Advisors LLC raised its stake in Alarm.com by 5.8% in the 1st quarter. HighTower Advisors LLC now owns 14,646 shares of the software maker’s stock valued at $975,000 after purchasing an additional 800 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Alarm.com by 53.5% in the 1st quarter. MetLife Investment Management LLC now owns 25,138 shares of the software maker’s stock valued at $1,671,000 after buying an additional 8,765 shares in the last quarter. Rhumbline Advisers grew its holdings in Alarm.com by 5.8% in the 1st quarter. Rhumbline Advisers now owns 114,173 shares of the software maker’s stock valued at $7,588,000 after buying an additional 6,295 shares in the last quarter. Yousif Capital Management LLC grew its holdings in Alarm.com by 1.3% in the 1st quarter. Yousif Capital Management LLC now owns 41,740 shares of the software maker’s stock valued at $2,774,000 after buying an additional 540 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Alarm.com by 44.0% in the 1st quarter. Mackenzie Financial Corp now owns 3,738 shares of the software maker’s stock valued at $248,000 after buying an additional 1,143 shares in the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Stock Performance

NASDAQ ALRM opened at $65.77 on Tuesday. The stock has a market cap of $3.28 billion, a PE ratio of 42.99, a P/E/G ratio of 3.85 and a beta of 0.94. The company has a current ratio of 5.46, a quick ratio of 4.91 and a debt-to-equity ratio of 0.72. Alarm.com Holdings, Inc. has a twelve month low of $44.92 and a twelve month high of $77.29. The stock has a fifty day simple moving average of $71.24 and a 200-day simple moving average of $63.16.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $226.20 million during the quarter, compared to analyst estimates of $224.93 million. Alarm.com had a net margin of 9.19% and a return on equity of 11.61%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. Equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.39 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ALRM. Barclays upped their target price on Alarm.com from $66.00 to $78.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Roth Mkm upped their target price on Alarm.com from $67.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. StockNews.com upgraded Alarm.com from a “buy” rating to a “strong-buy” rating in a report on Friday, March 15th. JPMorgan Chase & Co. increased their price target on Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Finally, TheStreet upgraded Alarm.com from a “c+” rating to a “b-” rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $68.83.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 7,083 shares of Alarm.com stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $75.34, for a total value of $533,633.22. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,825,250. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Stephen Trundle sold 50,000 shares of Alarm.com stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $73.80, for a total value of $3,690,000.00. Following the completion of the transaction, the chief executive officer now owns 1,289,343 shares in the company, valued at approximately $95,153,513.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steve Valenzuela sold 7,083 shares of Alarm.com stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $75.34, for a total value of $533,633.22. Following the completion of the transaction, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,825,250. The disclosure for this sale can be found here. Insiders sold a total of 111,532 shares of company stock valued at $8,116,333 in the last three months. 5.60% of the stock is owned by corporate insiders.

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.