US Bancorp DE Reduces Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

US Bancorp DE lowered its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 23.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,399 shares of the software maker’s stock after selling 1,934 shares during the period. US Bancorp DE’s holdings in Alarm.com were worth $389,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ALRM. Disciplined Growth Investors Inc. MN raised its stake in shares of Alarm.com by 6.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock worth $157,168,000 after purchasing an additional 163,851 shares during the last quarter. FMR LLC lifted its position in shares of Alarm.com by 129.0% in the third quarter. FMR LLC now owns 153,865 shares of the software maker’s stock worth $8,412,000 after buying an additional 86,683 shares in the last quarter. Barclays PLC raised its position in Alarm.com by 323.2% during the third quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock valued at $4,997,000 after purchasing an additional 69,804 shares during the period. DF Dent & Co. Inc. raised its position in Alarm.com by 23.3% during the third quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker’s stock valued at $19,648,000 after purchasing an additional 67,824 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Alarm.com by 369.7% in the third quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker’s stock worth $3,802,000 after buying an additional 54,738 shares during the period. Institutional investors own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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 issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Stock Up 0.6 %

Shares of NASDAQ:ALRM opened at $58.82 on Thursday. Alarm.com Holdings, Inc. has a 52-week low of $51.87 and a 52-week high of $75.39. The stock has a market cap of $2.92 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 3.59 and a beta of 1.10. The business’s 50 day moving average is $60.79 and its 200 day moving average is $59.44. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35.

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

Insider Activity

In related news, insider Daniel Kerzner sold 32,851 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $66.40, for a total value of $2,181,306.40. Following the completion of the transaction, the insider now owns 59,668 shares in the company, valued at $3,961,955.20. This trade represents a 35.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.60% of the company’s stock.

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.