State of Alaska Department of Revenue Has $1.52 Million Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

State of Alaska Department of Revenue cut its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,389 shares of the software maker’s stock after selling 707 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Alarm.com worth $1,524,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Alarm.com during the fourth quarter worth $25,000. C M Bidwell & Associates Ltd. bought a new stake in Alarm.com during the 4th quarter worth $36,000. Quarry LP increased its holdings in Alarm.com by 43.0% in the 4th quarter. Quarry LP now owns 1,008 shares of the software maker’s stock worth $61,000 after purchasing an additional 303 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Alarm.com by 305.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock valued at $63,000 after purchasing an additional 779 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Alarm.com by 87.9% during the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker’s stock valued at $109,000 after purchasing an additional 919 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Stock Up 1.8%

Shares of NASDAQ ALRM opened at $57.80 on Wednesday. The company’s 50 day moving average price is $56.06 and its 200-day moving average price is $58.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.01 and a current ratio of 2.14. Alarm.com Holdings, Inc. has a 52-week low of $48.23 and a 52-week high of $71.98. The company has a market capitalization of $2.87 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 3.04 and a beta of 1.02.

Insider Activity

In other news, insider Jeffrey A. Bedell sold 2,019 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $59.51, for a total transaction of $120,150.69. Following the transaction, the insider now owns 490,509 shares in the company, valued at approximately $29,190,190.59. This represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen Trundle sold 1,553 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $86,175.97. Following the transaction, the chief executive officer now directly owns 251,129 shares in the company, valued at $13,935,148.21. This trade represents a 0.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,898 shares of company stock valued at $2,089,284 in the last ninety days. 5.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays lowered their price objective on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group dropped their price target 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. Finally, Raymond James Financial reduced their price objective 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.33.

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.