Bank of New York Mellon Corp Lowers Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Bank of New York Mellon Corp decreased its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 387,361 shares of the software maker’s stock after selling 81,896 shares during the period. Bank of New York Mellon Corp owned approximately 0.78% of Alarm.com worth $23,552,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ALRM. Quarry LP lifted its stake in shares of Alarm.com by 291.7% in the third 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. Nisa Investment Advisors LLC raised its position in Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after acquiring an additional 539 shares during the last quarter. Huntington National Bank raised its position in Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after acquiring an additional 367 shares during the last quarter. GAMMA Investing LLC raised its position in Alarm.com by 29.5% during the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after acquiring an additional 238 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Alarm.com by 50.1% during the fourth quarter. Pacer Advisors Inc. now owns 1,888 shares of the software maker’s stock worth $115,000 after acquiring an additional 630 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Insider Transactions at Alarm.com

In related news, insider Daniel Kerzner sold 32,851 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $66.40, for a total value of $2,181,306.40. Following the completion of the sale, the insider now directly owns 59,668 shares in the company, valued at approximately $3,961,955.20. The trade was a 35.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 shares were sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the completion of the sale, the chief executive officer now owns 252,682 shares of the company’s stock, valued at approximately $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. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ALRM shares. JPMorgan Chase & Co. restated an “underweight” rating and set a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.40.

Alarm.com Stock Performance

Shares of NASDAQ ALRM opened at $58.92 on Monday. The company has a market cap of $2.93 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 3.59 and a beta of 1.10. Alarm.com Holdings, Inc. has a 12 month low of $51.87 and a 12 month high of $76.34. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The company has a 50-day simple moving average of $60.89 and a 200-day simple moving average of $59.47.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 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 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 earnings per share for the current 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.