AlphaQuest LLC Has $793,000 Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

AlphaQuest LLC cut its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 63.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,038 shares of the software maker’s stock after selling 22,982 shares during the period. AlphaQuest LLC’s holdings in Alarm.com were worth $793,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Alarm.com during the fourth quarter worth $25,000. Quarry LP increased its stake in shares of Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock worth $39,000 after purchasing an additional 525 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of 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 purchasing an additional 539 shares during the period. Huntington National Bank lifted its stake in Alarm.com by 52.4% in the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after purchasing an additional 367 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Alarm.com by 305.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock worth $63,000 after purchasing an additional 779 shares during the period. 91.74% of the stock is owned by institutional investors.

Insider Activity at Alarm.com

In other news, insider Daniel Kerzner sold 32,851 shares of Alarm.com stock in a transaction on Friday, December 13th. The stock was sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the completion of the sale, the insider now owns 59,668 shares of the company’s stock, valued at approximately $3,961,955.20. This trade represents a 35.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $64.40.

Alarm.com Stock Performance

NASDAQ ALRM opened at $58.48 on Wednesday. Alarm.com Holdings, Inc. has a 52-week low of $51.87 and a 52-week high of $75.39. The stock has a market cap of $2.90 billion, a PE ratio of 25.54, a P/E/G ratio of 3.59 and a beta of 1.10. The firm has a 50-day moving average of $60.84 and a 200-day moving average of $59.46. 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 (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share (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 company had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. On average, sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

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.