Prudential Financial Inc. Has $3.26 Million Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Prudential Financial Inc. lowered its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 19.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,684 shares of the software maker’s stock after selling 13,300 shares during the period. Prudential Financial Inc. owned 0.11% of Alarm.com worth $3,264,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Alarm.com during the fourth quarter worth approximately $25,000. Quarry LP raised its holdings in Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker’s stock worth $39,000 after buying an additional 525 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings 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 buying an additional 539 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Alarm.com by 305.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock valued at $63,000 after buying an additional 779 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Alarm.com by 29.5% during the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after buying an additional 238 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Alarm.com Stock Down 0.1 %

Alarm.com stock opened at $55.75 on Thursday. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $71.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The firm’s 50-day simple moving average is $59.74 and its 200 day simple moving average is $59.44. The stock has a market cap of $2.77 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The business had revenue of $242.24 million during 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%. Research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Analysts Set New Price Targets

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 given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $64.40.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of Alarm.com stock in a transaction dated Wednesday, March 12th. The shares were 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. The trade was a 8.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.