New York State Teachers Retirement System Decreases Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

New York State Teachers Retirement System trimmed its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,247 shares of the software maker’s stock after selling 300 shares during the quarter. New York State Teachers Retirement System’s holdings in Alarm.com were worth $2,601,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Operose Advisors LLC purchased a new stake in Alarm.com during the third quarter worth $26,000. Signaturefd LLC lifted its position in shares of Alarm.com by 474.7% in the third quarter. Signaturefd LLC now owns 500 shares of the software maker’s stock valued at $31,000 after acquiring an additional 413 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Alarm.com in the fourth quarter valued at $39,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Alarm.com in the fourth quarter valued at $46,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Alarm.com by 422.3% in the first quarter. Tower Research Capital LLC TRC now owns 1,055 shares of the software maker’s stock valued at $53,000 after acquiring an additional 853 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Alarm.com Stock Performance

NASDAQ ALRM opened at $65.77 on Tuesday. The business’s 50-day moving average price is $71.24 and its 200 day moving average price is $63.16. Alarm.com Holdings, Inc. has a twelve month low of $44.92 and a twelve month high of $77.29. The company has a market capitalization of $3.28 billion, a PE ratio of 42.99, a price-to-earnings-growth ratio of 3.85 and a beta of 0.94. The company has a current ratio of 5.46, a quick ratio of 4.91 and a debt-to-equity ratio of 0.72.

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

Insiders Place Their Bets

In other Alarm.com news, insider Daniel Kerzner sold 28,433 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the completion of the sale, the insider now directly owns 57,351 shares in the company, valued at $4,013,422.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alarm.com news, insider Daniel Kerzner sold 28,433 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the completion of the sale, the insider now directly owns 57,351 shares in the company, valued at $4,013,422.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the chief financial officer now owns 35,784 shares of the company’s stock, valued at $2,504,880. The disclosure for this sale can be found here. Insiders sold 111,532 shares of company stock worth $8,116,333 over the last three months. 5.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ALRM shares. JPMorgan Chase & Co. upped their price objective on Alarm.com from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. StockNews.com upgraded Alarm.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. Roth Mkm upped their price objective on Alarm.com from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. TheStreet upgraded Alarm.com from a “c+” rating to a “b-” rating in a research report on Friday, February 23rd. Finally, Barclays increased their target price on Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $68.83.

Alarm.com 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.