Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 18.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 302,900 shares of the software maker’s stock after selling 70,700 shares during the quarter. Handelsbanken Fonder AB owned 0.61% of Alarm.com worth $18,416,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP lifted its holdings in Alarm.com by 291.7% in the 3rd 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 last quarter. Nisa Investment Advisors LLC lifted its holdings in Alarm.com by 134.8% in the 4th 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 last quarter. GAMMA Investing LLC lifted its stake in Alarm.com by 29.5% during the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after buying an additional 238 shares in the last quarter. Huntington National Bank lifted its stake in Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after buying an additional 367 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Alarm.com by 50.1% during the fourth quarter. Pacer Advisors Inc. now owns 1,888 shares of the software maker’s stock valued at $115,000 after buying an additional 630 shares in the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analysts Set New Price Targets

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

Alarm.com Price Performance

Shares of ALRM opened at $59.55 on Friday. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 3.66 and a beta of 0.98. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $77.29. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. The business’s 50-day moving average is $61.91 and its 200-day moving average is $59.65.

Alarm.com (NASDAQ:ALRM) last issued 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). The business had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a net margin of 13.54% and a return on equity of 13.78%. Equities research analysts expect that Alarm.com Holdings, Inc. will post 1.65 EPS for the current fiscal year.

About Alarm.com

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.