Alarm.com Holdings, Inc. (NASDAQ:ALRM) Holdings Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 264,562 shares of the software maker’s stock after selling 8,401 shares during the quarter. Principal Financial Group Inc. owned approximately 0.53% of Alarm.com worth $16,810,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of Alarm.com by 15.8% during the second quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker’s stock valued at $30,051,000 after acquiring an additional 64,424 shares during the period. Argent Capital Management LLC raised its position in Alarm.com by 60.0% during the second quarter. Argent Capital Management LLC now owns 4,437 shares of the software maker’s stock valued at $282,000 after buying an additional 1,664 shares during the period. Louisiana State Employees Retirement System lifted its stake in Alarm.com by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the software maker’s stock worth $1,608,000 after acquiring an additional 500 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Alarm.com by 12.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 24,598 shares of the software maker’s stock worth $1,563,000 after acquiring an additional 2,736 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Alarm.com by 7.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 115,341 shares of the software maker’s stock valued at $7,329,000 after acquiring an additional 7,965 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Insiders Place Their Bets

In other news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the transaction, the insider now directly owns 41,100 shares in the company, valued at $2,540,391. 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 7,400 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the transaction, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

ALRM has been the subject of several research reports. William Blair upgraded shares of Alarm.com to a “hold” rating in a report on Thursday, May 9th. StockNews.com cut shares of Alarm.com from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 18th. Finally, Barclays cut their price objective on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $70.67.

Alarm.com Trading Up 0.1 %

Shares of NASDAQ:ALRM opened at $58.25 on Thursday. Alarm.com Holdings, Inc. has a 1 year low of $49.70 and a 1 year high of $77.29. The firm has a fifty day moving average price of $63.83 and a 200 day moving average price of $66.83. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $2.92 billion, a PE ratio of 34.47, a P/E/G ratio of 3.59 and a beta of 0.92.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. The business had revenue of $233.80 million during the quarter, compared to analysts’ expectations of $227.35 million. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. Alarm.com’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share. Analysts expect that Alarm.com Holdings, Inc. will post 1.4 EPS for the current fiscal 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.