Citigroup Inc. Has $2.44 Million Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Citigroup Inc. cut its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Rating) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,290 shares of the software maker’s stock after selling 4,032 shares during the quarter. Citigroup Inc. owned 0.10% of Alarm.com worth $2,439,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Alarm.com by 0.8% in the third quarter. Vanguard Group Inc. now owns 5,505,683 shares of the software maker’s stock valued at $357,099,000 after buying an additional 45,584 shares during the period. Disciplined Growth Investors Inc. MN raised its position in shares of Alarm.com by 0.3% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,936,244 shares of the software maker’s stock worth $125,585,000 after purchasing an additional 5,931 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Alarm.com by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 845,830 shares of the software maker’s stock worth $54,862,000 after purchasing an additional 7,208 shares during the period. Bank of New York Mellon Corp raised its position in shares of Alarm.com by 6.6% during the third quarter. Bank of New York Mellon Corp now owns 514,767 shares of the software maker’s stock worth $33,387,000 after purchasing an additional 31,775 shares during the period. Finally, Jarislowsky Fraser Ltd raised its position in shares of Alarm.com by 2.4% during the third quarter. Jarislowsky Fraser Ltd now owns 480,278 shares of the software maker’s stock worth $31,150,000 after purchasing an additional 11,298 shares during the period. 91.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 4,787 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $49.64, for a total value of $237,626.68. Following the completion of the transaction, the chief executive officer now owns 222,360 shares in the company, valued at approximately $11,037,950.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alarm.com news, CEO Stephen Trundle sold 4,787 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $49.64, for a total value of $237,626.68. Following the completion of the transaction, the chief executive officer now owns 222,360 shares in the company, valued at approximately $11,037,950.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steve Valenzuela sold 1,566 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $48.82, for a total value of $76,452.12. Following the transaction, the chief financial officer now directly owns 32,693 shares in the company, valued at approximately $1,596,072.26. The disclosure for this sale can be found here. Insiders sold 80,110 shares of company stock worth $4,004,611 in the last quarter. 5.50% of the stock is currently owned by company insiders.

Alarm.com Trading Down 0.9 %

Shares of Alarm.com stock opened at $51.06 on Wednesday. The stock has a fifty day simple moving average of $48.67 and a 200 day simple moving average of $50.37. Alarm.com Holdings, Inc. has a 12-month low of $44.92 and a 12-month high of $78.99. The company has a market capitalization of $2.54 billion, a P/E ratio of 43.27, a price-to-earnings-growth ratio of 8.89 and a beta of 1.03. The company has a current ratio of 5.46, a quick ratio of 4.73 and a debt-to-equity ratio of 0.79.

Alarm.com (NASDAQ:ALRM – Get Rating) last announced its quarterly earnings results on Wednesday, May 10th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.14. The business had revenue of $209.72 million during the quarter, compared to the consensus estimate of $207.28 million. Alarm.com had a return on equity of 11.00% and a net margin of 7.28%. On average, sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

ALRM has been the topic of a number of research reports. StockNews.com initiated coverage on Alarm.com in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Barclays upped their target price on Alarm.com from $52.00 to $54.00 in a research report on Thursday, May 11th. Finally, Maxim Group lowered their target price on Alarm.com from $75.00 to $70.00 in a research report on Monday, February 27th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.50.

Alarm.com Company Profile

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Alarm.com Holdings, Inc engages in the provision of wireless and web-enabled security system technology. The firm offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions.