Mirae Asset Global Investments Co. Ltd. Sells 14,351 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRMGet Rating) by 10.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,310 shares of the software maker’s stock after selling 14,351 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.24% of Alarm.com worth $8,062,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ALRM. Mascoma Wealth Management LLC bought a new stake in shares of Alarm.com in the first quarter worth about $28,000. GHP Investment Advisors Inc. bought a new stake in shares of Alarm.com in the first quarter worth about $38,000. KBC Group NV increased its holdings in shares of Alarm.com by 81.3% in the first quarter. KBC Group NV now owns 1,423 shares of the software maker’s stock worth $95,000 after purchasing an additional 638 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Alarm.com in the first quarter worth about $126,000. Finally, National Bank of Canada FI increased its holdings in shares of Alarm.com by 16.2% in the first quarter. National Bank of Canada FI now owns 2,760 shares of the software maker’s stock worth $183,000 after purchasing an additional 385 shares during the last quarter. 91.43% of the stock is owned by institutional investors.

Alarm.com Stock Down 1.0 %

Shares of NASDAQ:ALRM opened at $65.25 on Thursday. Alarm.com Holdings, Inc. has a 1 year low of $54.99 and a 1 year high of $90.69. The business has a 50 day simple moving average of $69.88 and a two-hundred day simple moving average of $65.17. The firm has a market capitalization of $3.25 billion, a PE ratio of 78.62, a price-to-earnings-growth ratio of 4.07 and a beta of 1.19. The company has a debt-to-equity ratio of 0.87, a current ratio of 6.27 and a quick ratio of 5.50.

Alarm.com (NASDAQ:ALRMGet Rating) last announced its earnings results on Tuesday, August 9th. The software maker reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.10. Alarm.com had a return on equity of 10.90% and a net margin of 5.29%. The business had revenue of $212.80 million during the quarter, compared to analyst estimates of $207.93 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities analysts predict that Alarm.com Holdings, Inc. will post 1.16 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ALRM. TheStreet raised Alarm.com from a “c” rating to a “b-” rating in a report on Wednesday, August 10th. Barclays lifted their target price on Alarm.com from $63.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 10th. William Blair reissued a “market perform” rating on shares of Alarm.com in a research note on Wednesday, August 10th. Maxim Group boosted their price objective on Alarm.com from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Finally, StockNews.com cut Alarm.com from a “buy” rating to a “hold” rating in a research note on Thursday, August 18th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Alarm.com currently has an average rating of “Moderate Buy” and a consensus target price of $80.80.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, insider Jeffrey A. Bedell sold 9,769 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $71.13, for a total transaction of $694,868.97. Following the completion of the transaction, the insider now owns 469,282 shares in the company, valued at $33,380,028.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Daniel Ramos sold 7,877 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $75.24, for a total value of $592,665.48. Following the completion of the sale, the vice president now owns 37,500 shares in the company, valued at $2,821,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey A. Bedell sold 9,769 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $71.13, for a total value of $694,868.97. Following the completion of the sale, the insider now owns 469,282 shares of the company’s stock, valued at approximately $33,380,028.66. The disclosure for this sale can be found here. Insiders sold 35,803 shares of company stock worth $2,653,366 over the last 90 days. Company insiders own 5.50% of the company’s stock.

Alarm.com Company Profile

(Get Rating)

Alarm.com Holdings, Inc provides cloud-based solutions for smart residential and commercial properties in the United States and internationally. It operates in two segments, Alarm.com and Other. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, door locks, garage doors, Internet of Things, thermostats, and video cameras; and video monitoring solutions, such as video analytics, live streaming, video doorbell, video clips, video alerts, continuous high definition recording, and commercial video surveillance solutions.

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Institutional Ownership by Quarter for Alarm.com (NASDAQ:ALRM)

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