Envestnet Asset Management Inc. Sells 18,018 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Envestnet Asset Management Inc. lessened its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 12.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,027 shares of the software maker’s stock after selling 18,018 shares during the period. Envestnet Asset Management Inc. owned 0.25% of Alarm.com worth $7,480,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. increased its stake in shares of Alarm.com by 8.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker’s stock valued at $162,000 after buying an additional 200 shares during the period. GAMMA Investing LLC increased its position in Alarm.com by 29.5% in the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after acquiring an additional 238 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Alarm.com during the fourth quarter valued at $25,000. Nicolet Advisory Services LLC raised its stake in shares of Alarm.com by 8.7% during the fourth quarter. Nicolet Advisory Services LLC now owns 5,190 shares of the software maker’s stock valued at $309,000 after acquiring an additional 415 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after purchasing an additional 539 shares during the period. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Stock Performance

ALRM stock opened at $50.40 on Monday. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $71.98. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The stock has a 50-day moving average price of $56.67 and a 200-day moving average price of $59.12. The firm has a market cap of $2.50 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The company had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. As a group, equities research analysts expect that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Analysts Set New Price Targets

ALRM has been the subject of several analyst reports. The Goldman Sachs Group lowered their target price on Alarm.com from $66.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday. Barclays lowered their price objective on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alarm.com currently has a consensus rating of “Hold” and an average price target of $61.20.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, insider Daniel Kerzner sold 932 shares of Alarm.com stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the transaction, the insider now owns 58,736 shares in the company, valued at approximately $3,259,260.64. The trade was a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steve Valenzuela sold 3,436 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,191,875. This represents a 8.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,921 shares of company stock valued at $338,727. 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.