Alarm.com Holdings, Inc. (NASDAQ:ALRM) Position Lowered by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 2.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,256 shares of the software maker’s stock after selling 413 shares during the period. Yousif Capital Management LLC’s holdings in Alarm.com were worth $1,016,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Summit Investment Advisors Inc. lifted its holdings in Alarm.com by 3.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker’s stock worth $301,000 after acquiring an additional 172 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Alarm.com by 8.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker’s stock worth $162,000 after acquiring an additional 200 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Alarm.com by 1.0% in the fourth quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker’s stock worth $1,710,000 after acquiring an additional 281 shares during the last quarter. Quarry LP lifted its holdings in Alarm.com by 43.0% in the fourth quarter. Quarry LP now owns 1,008 shares of the software maker’s stock worth $61,000 after acquiring an additional 303 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Alarm.com by 0.3% in the fourth quarter. Legal & General Group Plc now owns 139,290 shares of the software maker’s stock worth $8,469,000 after acquiring an additional 401 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group cut 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. Raymond James Financial dropped their price target on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a research note on Friday, May 9th. Finally, Barclays reduced 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.33.

Insider Buying and Selling

In other Alarm.com news, CEO Stephen Trundle sold 1,553 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $86,175.97. Following the transaction, the chief executive officer now owns 251,129 shares of the company’s stock, valued at approximately $13,935,148.21. This represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Kerzner sold 932 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the transaction, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. This represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,898 shares of company stock valued at $2,089,284 over the last quarter. Corporate insiders own 5.80% of the company’s stock.

Alarm.com Stock Performance

Shares of NASDAQ ALRM opened at $56.32 on Thursday. The company has a current ratio of 2.14, a quick ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock has a 50 day simple moving average of $55.63 and a 200-day simple moving average of $58.85. The company has a market cap of $2.80 billion, a PE ratio of 23.76, a P/E/G ratio of 3.05 and a beta of 1.02. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $71.98.

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.