Mariner LLC Has $226,000 Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Mariner LLC lowered its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 14.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,710 shares of the software maker’s stock after selling 620 shares during the period. Mariner LLC’s holdings in Alarm.com were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in ALRM. Norges Bank acquired a new position in Alarm.com in the 4th quarter valued at $34,841,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Alarm.com by 120.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker’s stock valued at $24,369,000 after acquiring an additional 219,203 shares during the period. Barclays PLC grew its stake in shares of Alarm.com by 323.2% in the third quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock valued at $4,997,000 after acquiring an additional 69,804 shares in the last quarter. Vanguard Group Inc. increased its position in Alarm.com by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker’s stock worth $383,091,000 after acquiring an additional 68,907 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Alarm.com by 31.1% in 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 purchasing an additional 52,062 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. The Goldman Sachs Group lowered their target price on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Barclays lowered their price objective on 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.20.

Alarm.com Trading Down 2.2 %

ALRM opened at $52.68 on Wednesday. The company’s 50 day moving average is $54.72 and its 200-day moving average is $59.02. The company has a market cap of $2.62 billion, a P/E ratio of 23.00, a PEG ratio of 3.59 and a beta of 1.02. 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.

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

Insider Transactions at Alarm.com

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