Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,736 shares of the software maker’s stock after selling 4,485 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.22% of Alarm.com worth $7,220,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. boosted its position in shares of Alarm.com by 1.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,121 shares of the software maker’s stock worth $1,047,000 after purchasing an additional 188 shares in the last quarter. United Capital Financial Advisers LLC boosted its position in shares of Alarm.com by 3.0% in the 1st quarter. United Capital Financial Advisers LLC now owns 8,065 shares of the software maker’s stock worth $536,000 after purchasing an additional 232 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Alarm.com by 1.8% in the 3rd quarter. Arizona State Retirement System now owns 13,481 shares of the software maker’s stock worth $824,000 after purchasing an additional 238 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Alarm.com by 1.7% in the 3rd quarter. Los Angeles Capital Management LLC now owns 14,237 shares of the software maker’s stock worth $870,000 after purchasing an additional 241 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Alarm.com by 10.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,642 shares of the software maker’s stock worth $162,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Insider Buying and Selling

In related news, CFO Steve Valenzuela sold 1,716 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $120,120.00. Following the completion of the transaction, the chief financial officer now owns 35,784 shares of the company’s stock, valued at approximately $2,504,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Daniel Ramos sold 8,250 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.44, for a total value of $614,130.00. Following the completion of the transaction, the insider now owns 39,700 shares of the company’s stock, valued at approximately $2,955,268. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steve Valenzuela sold 1,716 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $120,120.00. Following the completion of the transaction, the chief financial officer now directly owns 35,784 shares of the company’s stock, valued at approximately $2,504,880. The disclosure for this sale can be found here. In the last 90 days, insiders sold 111,532 shares of company stock valued at $8,116,333. 5.60% of the stock is owned by company insiders.

Alarm.com Stock Performance

Shares of ALRM stock opened at $67.82 on Friday. The stock has a market cap of $3.39 billion, a PE ratio of 44.33, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. The business has a 50-day simple moving average of $71.15 and a 200-day simple moving average of $63.11. The company has a quick ratio of 4.91, a current ratio of 5.46 and a debt-to-equity ratio of 0.72. Alarm.com Holdings, Inc. has a 52-week low of $44.92 and a 52-week high of $77.29.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $226.20 million during the quarter, compared to analyst estimates of $224.93 million. Alarm.com had a net margin of 9.19% and a return on equity of 11.61%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. On average, equities analysts expect that Alarm.com Holdings, Inc. will post 1.39 EPS for the current year.

Wall Street Analyst Weigh In

ALRM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Roth Mkm raised their target price on Alarm.com from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. TheStreet upgraded Alarm.com from a “c+” rating to a “b-” rating in a research note on Friday, February 23rd. StockNews.com upgraded Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. Finally, Barclays raised their target price on Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $68.83.

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.