Daiwa Securities Group Inc. Sells 400 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Daiwa Securities Group Inc. lessened its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 9.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,630 shares of the software maker’s stock after selling 400 shares during the period. Daiwa Securities Group Inc.’s holdings in Alarm.com were worth $235,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Alarm.com by 1.1% in the 3rd 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 during the last quarter. William Blair Investment Management LLC lifted its stake in Alarm.com by 0.3% in the 3rd quarter. William Blair Investment Management LLC now owns 2,535,196 shares of the software maker’s stock valued at $155,002,000 after purchasing an additional 7,478 shares during the last quarter. Northern Trust Corp lifted its stake in Alarm.com by 1.5% in the 3rd quarter. Northern Trust Corp now owns 706,274 shares of the software maker’s stock valued at $43,182,000 after purchasing an additional 10,245 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Alarm.com by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 469,746 shares of the software maker’s stock valued at $28,720,000 after purchasing an additional 27,243 shares during the last quarter. Finally, FMR LLC lifted its stake in Alarm.com by 18,200.6% in the 3rd quarter. FMR LLC now owns 312,391 shares of the software maker’s stock valued at $19,100,000 after purchasing an additional 310,684 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Insider Transactions at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 50,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $73.80, for a total value of $3,690,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,289,343 shares in the company, valued at $95,153,513.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alarm.com news, CFO Steve Valenzuela sold 832 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $74.58, for a total value of $62,050.56. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,796,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen Trundle sold 50,000 shares of the firm’s stock in a transaction 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. Insiders sold a total of 111,532 shares of company stock worth $8,116,333 over the last three months. 5.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on ALRM. Roth Mkm increased their price objective 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. StockNews.com upgraded shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. Barclays upped their price target on shares of Alarm.com from $66.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. TheStreet upgraded shares of Alarm.com from a “c+” rating to a “b-” rating in a research report on Friday, February 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Alarm.com from $62.00 to $70.00 and gave the company a “neutral” 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Alarm.com currently has an average rating of “Buy” and a consensus price target of $68.83.

Alarm.com Trading Up 1.1 %

ALRM opened at $65.97 on Friday. Alarm.com Holdings, Inc. has a twelve month low of $44.92 and a twelve month high of $77.29. The company has a quick ratio of 4.91, a current ratio of 5.46 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average of $70.91 and a 200-day moving average of $63.43. The stock has a market cap of $3.31 billion, a PE ratio of 43.12, a price-to-earnings-growth ratio of 3.70 and a beta of 0.94.

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

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.