Arizona State Retirement System Decreases Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Arizona State Retirement System decreased its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,253 shares of the software maker’s stock after selling 228 shares during the quarter. Arizona State Retirement System’s holdings in Alarm.com were worth $856,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Alarm.com by 1.1% during the third quarter. Vanguard Group Inc. now owns 5,824,656 shares of the software maker’s stock valued at $356,119,000 after purchasing an additional 62,262 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of Alarm.com by 0.3% in the third quarter. William Blair Investment Management LLC now owns 2,535,196 shares of the software maker’s stock valued at $155,002,000 after acquiring an additional 7,478 shares during the period. Geode Capital Management LLC raised its stake in shares of Alarm.com by 5.3% in the first quarter. Geode Capital Management LLC now owns 958,881 shares of the software maker’s stock valued at $48,213,000 after acquiring an additional 48,348 shares during the period. Northern Trust Corp raised its stake in shares of Alarm.com by 1.5% in the third quarter. Northern Trust Corp now owns 706,274 shares of the software maker’s stock valued at $43,182,000 after acquiring an additional 10,245 shares during the period. Finally, Norges Bank purchased a new stake in shares of Alarm.com in the fourth quarter valued at $24,722,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ALRM. Roth Mkm increased their target price on shares of Alarm.com from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. TheStreet raised shares of Alarm.com from a “c+” rating to a “b-” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. increased their target price on shares of Alarm.com from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. StockNews.com raised shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. Finally, Barclays raised their price target on shares of 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 company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $68.83.

Alarm.com Stock Down 0.7 %

NASDAQ:ALRM opened at $64.25 on Thursday. Alarm.com Holdings, Inc. has a fifty-two week low of $44.92 and a fifty-two week high of $77.29. The stock has a market capitalization of $3.21 billion, a P/E ratio of 41.99, a P/E/G ratio of 3.73 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.91 and a current ratio of 5.46. The company’s 50-day simple moving average is $71.30 and its 200-day simple moving average is $63.20.

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

Insider Activity

In other news, CFO Steve Valenzuela sold 9,583 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $73.89, for a total value of $708,087.87. Following the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,770,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Steve Valenzuela sold 9,583 shares of Alarm.com stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $73.89, for a total value of $708,087.87. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,770,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen Trundle sold 50,000 shares of Alarm.com stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $73.80, for a total transaction of $3,690,000.00. Following the completion of the sale, the chief executive officer now owns 1,289,343 shares of the company’s stock, valued at $95,153,513.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,532 shares of company stock worth $8,116,333. 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.