Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,282 shares of the software maker’s stock after selling 225 shares during the period. HighTower Advisors LLC’s holdings in Alarm.com were worth $504,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Alarm.com by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock worth $28,513,000 after buying an additional 7,567 shares during the last quarter. Bank of Montreal Can increased its stake in Alarm.com by 18.0% during the third quarter. Bank of Montreal Can now owns 323,133 shares of the software maker’s stock worth $17,879,000 after acquiring an additional 49,403 shares during the last quarter. FMR LLC raised its holdings in shares of Alarm.com by 129.0% in the 3rd quarter. FMR LLC now owns 153,865 shares of the software maker’s stock worth $8,412,000 after purchasing an additional 86,683 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Alarm.com by 6.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,042 shares of the software maker’s stock valued at $604,000 after purchasing an additional 649 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Alarm.com by 97.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,671 shares of the software maker’s stock worth $146,000 after purchasing an additional 1,320 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $64.40.

Alarm.com Price Performance

Shares of NASDAQ ALRM opened at $55.81 on Monday. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 3.59 and a beta of 1.10. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. Alarm.com Holdings, Inc. has a 1-year low of $51.87 and a 1-year high of $72.37. The business has a 50-day moving average of $60.10 and a 200-day moving average of $59.45.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The company had revenue of $242.24 million during the quarter, compared to analysts’ expectations of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. On average, equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Insider Buying and Selling

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the completion of the sale, the chief financial officer now owns 37,500 shares in the company, valued at $2,191,875. This trade represents a 8.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is currently owned by insiders.

About Alarm.com

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.