DF Dent & Co. Inc. Sells 2,079 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

DF Dent & Co. Inc. decreased its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 357,320 shares of the software maker’s stock after selling 2,079 shares during the period. DF Dent & Co. Inc. owned 0.72% of Alarm.com worth $21,725,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in Alarm.com by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock valued at $28,513,000 after buying an additional 7,567 shares in the last quarter. FMR LLC increased its holdings in Alarm.com by 129.0% in the 3rd quarter. FMR LLC now owns 153,865 shares of the software maker’s stock valued at $8,412,000 after acquiring an additional 86,683 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Alarm.com by 6.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,042 shares of the software maker’s stock worth $604,000 after purchasing an additional 649 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Alarm.com by 97.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,671 shares of the software maker’s stock valued at $146,000 after purchasing an additional 1,320 shares during the last quarter. Finally, Holocene Advisors LP grew its position in shares of Alarm.com by 108.1% during the third quarter. Holocene Advisors LP now owns 58,529 shares of the software maker’s stock valued at $3,200,000 after purchasing an additional 30,404 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Trading Down 0.1 %

Shares of NASDAQ ALRM opened at $55.75 on Thursday. Alarm.com Holdings, Inc. has a 1-year low of $51.87 and a 1-year high of $71.98. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The business’s 50 day moving average is $59.74 and its two-hundred day moving average is $59.44. The stock has a market capitalization of $2.77 billion, a P/E ratio of 24.35, a PEG ratio of 3.59 and a beta of 1.03.

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

Insider Buying and Selling

In related news, CFO Steve Valenzuela sold 3,436 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,191,875. This trade represents a 8.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. One equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $64.40.

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.