Rhumbline Advisers Reduces Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Rhumbline Advisers trimmed its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,490 shares of the software maker’s stock after selling 739 shares during the period. Rhumbline Advisers owned about 0.27% of Alarm.com worth $7,429,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Alarm.com in the 4th quarter worth approximately $25,000. C M Bidwell & Associates Ltd. purchased a new stake in Alarm.com in the 4th quarter worth approximately $36,000. Quarry LP grew its stake in shares of Alarm.com by 43.0% during the 4th quarter. Quarry LP now owns 1,008 shares of the software maker’s stock valued at $61,000 after buying an additional 303 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Alarm.com by 305.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock valued at $63,000 after buying an additional 779 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of Alarm.com by 8.1% during the 4th 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. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Price Performance

NASDAQ ALRM opened at $58.65 on Thursday. Alarm.com Holdings, Inc. has a 52 week low of $48.23 and a 52 week 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 market cap of $2.92 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. The company has a 50-day moving average price of $55.04 and a two-hundred day moving average price of $59.11.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Raymond James reduced their target price on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a report on Friday, May 9th. Finally, Barclays reduced their target price on shares of 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, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.33.

Insiders Place Their Bets

In other news, insider Daniel Ramos sold 6,890 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $60.06, for a total value of $413,813.40. Following the completion of the sale, the insider now directly owns 38,600 shares of the company’s stock, valued at approximately $2,318,316. This represents a 15.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel Kerzner sold 932 shares of the company’s 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 completion of the sale, the insider now owns 58,736 shares of the company’s stock, valued at approximately $3,259,260.64. This trade represents a 1.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,898 shares of company stock worth $2,089,284. Insiders own 5.80% 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.