Arizona State Retirement System Decreases Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Arizona State Retirement System lessened its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,253 shares of the software maker’s stock after selling 228 shares during the quarter. Arizona State Retirement System’s holdings in Alarm.com were worth $856,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ALRM. Vanguard Group Inc. grew its holdings in Alarm.com by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,824,656 shares of the software maker’s stock worth $356,119,000 after acquiring an additional 62,262 shares during the last quarter. William Blair Investment Management LLC grew its holdings in Alarm.com by 0.3% in the 3rd quarter. William Blair Investment Management LLC now owns 2,535,196 shares of the software maker’s stock worth $155,002,000 after acquiring an additional 7,478 shares during the last quarter. Geode Capital Management LLC grew its holdings in Alarm.com by 5.3% in the 1st quarter. Geode Capital Management LLC now owns 958,881 shares of the software maker’s stock worth $48,213,000 after acquiring an additional 48,348 shares during the last quarter. Northern Trust Corp grew its holdings in Alarm.com by 1.5% in the 3rd quarter. Northern Trust Corp now owns 706,274 shares of the software maker’s stock worth $43,182,000 after acquiring an additional 10,245 shares during the last quarter. Finally, Norges Bank bought a new stake in Alarm.com in the 4th quarter worth $24,722,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Trading Down 0.7 %

NASDAQ:ALRM opened at $64.25 on Thursday. Alarm.com Holdings, Inc. has a one year low of $44.92 and a one year high of $77.29. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.46 and a quick ratio of 4.91. The company’s 50-day simple moving average is $71.30 and its 200 day simple moving average is $63.20. The firm has a market capitalization of $3.21 billion, a P/E ratio of 41.99, a PEG ratio of 3.73 and a beta of 0.94.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. The business had revenue of $226.20 million for the quarter, compared to the consensus estimate of $224.93 million. During the same period in the previous year, the firm earned $0.33 EPS. The company’s revenue was up 8.7% on a year-over-year basis. As a group, analysts forecast that Alarm.com Holdings, Inc. will post 1.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Alarm.com news, CEO Stephen Trundle sold 50,000 shares of Alarm.com stock in a transaction dated Friday, February 23rd. The shares were 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 directly owns 1,289,343 shares of the company’s stock, valued at $95,153,513.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Alarm.com news, insider Daniel Kerzner sold 28,433 shares of Alarm.com stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $69.98, for a total value of $1,989,741.34. Following the completion of the transaction, the insider now directly owns 57,351 shares of the company’s stock, valued at $4,013,422.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $3,690,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,289,343 shares of the company’s stock, valued at $95,153,513.40. The disclosure for this sale can be found here. Insiders have sold 111,532 shares of company stock valued at $8,116,333 over the last quarter. Corporate insiders own 5.60% of the company’s stock.

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.