Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stock Holdings Lowered by Blair William & Co. IL

Blair William & Co. IL lowered its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 7.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 19,359 shares of the software maker’s stock after selling 1,483 shares during the period. Blair William & Co. IL’s holdings in Alarm.com were worth $1,230,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC grew its position in shares of Alarm.com by 25.5% during the second quarter. Renaissance Technologies LLC now owns 248,700 shares of the software maker’s stock worth $15,802,000 after acquiring an additional 50,500 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Alarm.com by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker’s stock worth $73,889,000 after acquiring an additional 42,281 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Alarm.com during the second quarter worth about $364,000. Envestnet Asset Management Inc. grew its position in shares of Alarm.com by 1.5% during the second quarter. Envestnet Asset Management Inc. now owns 150,082 shares of the software maker’s stock worth $9,536,000 after acquiring an additional 2,228 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Alarm.com by 1.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 48,899 shares of the software maker’s stock worth $3,107,000 after acquiring an additional 627 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ALRM. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. The Goldman Sachs Group began coverage on shares of Alarm.com in a report on Friday, September 6th. They issued a “neutral” rating and a $64.00 price objective for the company. Finally, Barclays reduced their price objective on shares of Alarm.com from $78.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, July 11th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $69.00.

Alarm.com Price Performance

Shares of NASDAQ ALRM opened at $55.20 on Wednesday. Alarm.com Holdings, Inc. has a twelve month low of $49.70 and a twelve month high of $77.29. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 3.26 and a beta of 0.90. The firm has a 50-day moving average of $61.08 and a two-hundred day moving average of $65.00.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The company had revenue of $233.80 million during the quarter, compared to the consensus estimate of $227.35 million. During the same period in the prior year, the company earned $0.33 EPS. Alarm.com’s revenue was up 4.4% on a year-over-year basis. As a group, analysts expect that Alarm.com Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the sale, the insider now directly owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the transaction, the insider now directly owns 41,100 shares of the company’s stock, valued at $2,540,391. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the sale, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,260,125. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Alarm.com 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.