Texas Permanent School Fund Corp Sells 6,335 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Texas Permanent School Fund Corp lowered its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 14.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,414 shares of the software maker’s stock after selling 6,335 shares during the period. Texas Permanent School Fund Corp owned 0.07% of Alarm.com worth $2,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in ALRM. First PREMIER Bank bought a new position in Alarm.com during the 1st quarter worth $30,000. YHB Investment Advisors Inc. bought a new position in Alarm.com during the 1st quarter worth $56,000. CWM LLC increased its stake in Alarm.com by 42.0% during the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after acquiring an additional 618 shares during the period. Parkside Financial Bank & Trust increased its stake in Alarm.com by 8.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after acquiring an additional 183 shares during the period. Finally, Argent Capital Management LLC bought a new position in shares of Alarm.com in the 1st quarter valued at $201,000. Institutional investors own 91.74% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on ALRM shares. Barclays decreased their price target on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 11th. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday. Finally, The Goldman Sachs Group started coverage on Alarm.com in a research note on Friday, September 6th. They issued a “neutral” rating and a $64.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Alarm.com currently has a consensus rating of “Hold” and a consensus target price of $69.00.

Alarm.com Trading Down 1.7 %

NASDAQ ALRM opened at $54.32 on Tuesday. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 3.26 and a beta of 0.90. Alarm.com Holdings, Inc. has a twelve month low of $49.70 and a twelve month high of $77.29. The business’s fifty day moving average is $62.64 and its 200 day moving average is $65.97. 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 (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. The firm had revenue of $233.80 million for the quarter, compared to the consensus estimate of $227.35 million. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. As a group, sell-side analysts expect that Alarm.com Holdings, Inc. will post 1.4 EPS for the current fiscal 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.