Everence Capital Management Inc. Decreases Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Everence Capital Management Inc. lowered its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 38.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,510 shares of the software maker’s stock after selling 2,820 shares during the quarter. Everence Capital Management Inc.’s holdings in Alarm.com were worth $274,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Oakworth Capital Inc. bought a new stake in shares of Alarm.com in the third quarter worth $38,000. Quarry LP grew its stake in shares of Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after purchasing an additional 525 shares during the period. Huntington National Bank increased its position in shares of Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after purchasing an additional 367 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Alarm.com by 29.5% in 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 period. Finally, Point72 DIFC Ltd boosted its holdings in shares of Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after buying an additional 1,101 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 target price (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Roth Mkm decreased their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Barclays boosted their price objective on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Stock Down 1.4 %

NASDAQ ALRM opened at $59.86 on Wednesday. Alarm.com Holdings, Inc. has a 12 month low of $51.87 and a 12 month high of $77.29. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The stock has a market cap of $2.96 billion, a PE ratio of 25.91, a P/E/G ratio of 4.08 and a beta of 0.98. The stock’s 50 day moving average is $62.27 and its 200 day moving average is $60.60.

Insider Transactions at Alarm.com

In other news, Director Stephen C. Evans sold 2,625 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the sale, the director now directly owns 5,767 shares in the company, valued at approximately $344,116.89. This represents a 31.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen Trundle sold 47,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total value of $3,238,550.00. Following the sale, the chief executive officer now directly owns 252,682 shares in the company, valued at $17,227,858.76. The trade was a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,976 shares of company stock valued at $5,576,490. 5.60% of the stock is currently owned by corporate insiders.

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.