LPL Financial LLC Has $492,000 Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

LPL Financial LLC cut its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 10.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,091 shares of the software maker’s stock after selling 909 shares during the quarter. LPL Financial LLC’s holdings in Alarm.com were worth $492,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Barclays PLC increased its stake in shares of Alarm.com by 323.2% during the 3rd quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock worth $4,997,000 after purchasing an additional 69,804 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Alarm.com by 31.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 219,456 shares of the software maker’s stock worth $13,343,000 after buying an additional 52,062 shares during the period. Teacher Retirement System of Texas grew its stake in Alarm.com by 248.0% in the 4th quarter. Teacher Retirement System of Texas now owns 60,631 shares of the software maker’s stock valued at $3,686,000 after buying an additional 43,210 shares during the last quarter. Vontobel Holding Ltd. bought a new position in Alarm.com in the 4th quarter valued at about $2,270,000. Finally, Edgestream Partners L.P. acquired a new stake in Alarm.com during the fourth quarter worth approximately $2,083,000. 91.74% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alarm.com

In other news, CFO Steve Valenzuela sold 3,436 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 in the company, valued at approximately $2,191,875. This trade represents a 8.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel Kerzner sold 932 shares of Alarm.com stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68. Following the sale, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,921 shares of company stock valued at $338,727. Company insiders own 5.60% of the company’s stock.

Alarm.com Trading Up 1.5 %

Shares of ALRM stock opened at $52.54 on Friday. The stock has a market cap of $2.61 billion, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. 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 simple moving average of $55.71 and a 200 day simple moving average of $58.99.

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). The company had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. On average, research analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ALRM has been the topic of several research reports. The Goldman Sachs Group decreased their target price on Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Barclays decreased their price objective on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.20.

About Alarm.com

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.