Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,034 shares of the software maker’s stock after selling 3,523 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.05% of Alarm.com worth $1,522,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ALRM. Quarry LP lifted its holdings in Alarm.com by 291.7% in the third quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after acquiring an additional 525 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Alarm.com by 134.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after acquiring an additional 539 shares during the period. Huntington National Bank lifted its holdings in Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after acquiring an additional 367 shares during the period. GAMMA Investing LLC lifted its holdings in Alarm.com by 29.5% in the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after acquiring an additional 238 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in Alarm.com by 50.1% in the fourth quarter. Pacer Advisors Inc. now owns 1,888 shares of the software maker’s stock valued at $115,000 after acquiring an additional 630 shares during the period. 91.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Barclays boosted their price objective on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Jefferies Financial Group assumed coverage on Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price objective for the company. JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 price objective (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Finally, The Goldman Sachs Group boosted their price objective on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Alarm.com presently has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Stock Down 0.1 %

Shares of ALRM opened at $58.09 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $77.29. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 3.59 and a beta of 0.98. The stock has a 50 day moving average price of $61.23 and a 200 day moving average price of $59.50.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The firm had revenue of $242.24 million for the quarter, compared to analysts’ expectations of $237.44 million. Equities research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Alarm.com news, CEO Stephen Trundle sold 47,500 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the transaction, the chief executive officer now owns 252,682 shares of the company’s stock, valued at approximately $17,227,858.76. The trade was a 15.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel Kerzner sold 32,851 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $66.40, for a total value of $2,181,306.40. Following the transaction, the insider now directly owns 59,668 shares in the company, valued at $3,961,955.20. This trade represents a 35.51 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

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.