Vanguard Group Inc. Trims Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Vanguard Group Inc. cut its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,817,269 shares of the software maker’s stock after selling 7,387 shares during the quarter. Vanguard Group Inc. owned approximately 11.65% of Alarm.com worth $375,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALRM. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Alarm.com in the 3rd quarter worth about $268,000. Envestnet Asset Management Inc. boosted its stake in Alarm.com by 32.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 165,348 shares of the software maker’s stock worth $10,109,000 after purchasing an additional 40,368 shares in the last quarter. FMR LLC boosted its stake in Alarm.com by 18,200.6% in the 3rd quarter. FMR LLC now owns 312,391 shares of the software maker’s stock worth $19,100,000 after purchasing an additional 310,684 shares in the last quarter. Northern Trust Corp boosted its stake 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 purchasing an additional 10,245 shares in the last quarter. Finally, Operose Advisors LLC bought a new position in Alarm.com in the 3rd quarter worth about $26,000. 91.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ALRM shares. William Blair upgraded shares of Alarm.com to a “hold” rating in a research note on Thursday, May 9th. StockNews.com cut shares of Alarm.com from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 14th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.83.

Insider Activity

In other news, CFO Steve Valenzuela sold 1,716 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total transaction of $120,120.00. Following the completion of the sale, the chief financial officer now owns 35,784 shares of the company’s stock, valued at approximately $2,504,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Steve Valenzuela sold 1,716 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total value of $120,120.00. Following the completion of the sale, the chief financial officer now directly owns 35,784 shares of the company’s stock, valued at approximately $2,504,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen Trundle sold 3,217 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total transaction of $225,190.00. Following the completion of the sale, the chief executive officer now directly owns 234,449 shares of the company’s stock, valued at $16,411,430. The disclosure for this sale can be found here. Insiders sold 6,351 shares of company stock valued at $444,570 in the last quarter. 5.60% of the stock is currently owned by insiders.

Alarm.com Price Performance

ALRM opened at $63.05 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.03 and a current ratio of 5.51. The stock has a market capitalization of $3.16 billion, a P/E ratio of 37.31, a P/E/G ratio of 3.02 and a beta of 0.88. The company’s 50-day simple moving average is $65.48 and its two-hundred day simple moving average is $66.40. Alarm.com Holdings, Inc. has a 52-week low of $48.61 and a 52-week high of $77.29.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Thursday, May 9th. The software maker reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. Alarm.com had a net margin of 10.08% and a return on equity of 12.14%. The business had revenue of $223.28 million for the quarter, compared to analysts’ expectations of $218.32 million. As a group, analysts predict that Alarm.com Holdings, Inc. will post 1.43 EPS for the current year.

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.