Invesco Ltd. Sells 9,340 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Invesco Ltd. lessened its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 191,067 shares of the software maker’s stock after selling 9,340 shares during the period. Invesco Ltd. owned approximately 0.39% of Alarm.com worth $11,617,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can raised its stake in Alarm.com by 6.0% during the 4th quarter. Bank of Montreal Can now owns 342,504 shares of the software maker’s stock worth $20,824,000 after buying an additional 19,371 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in shares of Alarm.com during the fourth quarter worth about $746,000. Wells Fargo & Company MN raised its position in shares of Alarm.com by 14.1% during the fourth quarter. Wells Fargo & Company MN now owns 375,233 shares of the software maker’s stock worth $22,814,000 after purchasing an additional 46,262 shares during the period. Integrated Quantitative Investments LLC bought a new position in shares of Alarm.com during the 4th quarter valued at about $993,000. Finally, Landscape Capital Management L.L.C. grew its position in shares of Alarm.com by 58.3% in the 4th quarter. Landscape Capital Management L.L.C. now owns 29,030 shares of the software maker’s stock valued at $1,765,000 after purchasing an additional 10,688 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ALRM shares. Barclays cut their price target on shares of Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group cut their price objective on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.20.

Alarm.com Price Performance

Shares of ALRM opened at $50.57 on Wednesday. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $71.98. The stock has a market capitalization of $2.51 billion, a P/E ratio of 22.08, a P/E/G ratio of 3.59 and a beta of 1.03. The company has a 50 day moving average of $56.14 and a 200-day moving average of $59.04.

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

Insider Activity at Alarm.com

In other news, insider Daniel Kerzner sold 932 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the sale, the insider now directly owns 58,736 shares of the company’s stock, valued at $3,259,260.64. This trade represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,191,875. The trade was a 8.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,921 shares of company stock valued at $338,727. Insiders own 5.60% of the company’s stock.

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.