Corebridge Financial Inc. Sells 2,452 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Corebridge Financial Inc. decreased its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 8.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,283 shares of the software maker’s stock after selling 2,452 shares during the period. Corebridge Financial Inc. owned 0.05% of Alarm.com worth $1,537,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Daiwa Securities Group Inc. boosted its holdings in shares of Alarm.com by 8.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker’s stock worth $162,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC lifted its holdings in Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after purchasing an additional 238 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Alarm.com in the 4th quarter valued at $25,000. Quarry LP grew its holdings in Alarm.com by 291.7% in the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after buying an additional 525 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after buying an additional 539 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

Alarm.com Stock Performance

ALRM opened at $55.75 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. Alarm.com Holdings, Inc. has a 52-week low of $51.87 and a 52-week high of $71.98. The firm has a market cap of $2.77 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. The business’s fifty day moving average is $59.74 and its 200-day moving average is $59.44.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The firm had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Sell-side analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,191,875. This trade represents a 8.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.