Sherbrooke Park Advisers LLC Reduces Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Sherbrooke Park Advisers LLC reduced its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 13.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,361 shares of the software maker’s stock after selling 522 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Alarm.com were worth $204,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ALRM. Barclays PLC lifted its stake in shares of Alarm.com by 323.2% during the 3rd quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock valued at $4,997,000 after buying an additional 69,804 shares in the last quarter. Avanza Fonder AB purchased a new stake in shares of Alarm.com during the 4th quarter valued at approximately $120,000. Atomi Financial Group Inc. purchased a new stake in shares of Alarm.com during the 4th quarter valued at approximately $259,000. Nisa Investment Advisors LLC lifted its stake in shares of Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after buying an additional 539 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Alarm.com by 61.6% during the 4th quarter. SG Americas Securities LLC now owns 10,473 shares of the software maker’s stock valued at $637,000 after buying an additional 3,992 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALRM has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their target price on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Barclays decreased their target price on shares of Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Finally, Raymond James decreased their target price on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.33.

Insider Transactions at Alarm.com

In other news, CEO Stephen Trundle sold 3,626 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $59.51, for a total value of $215,783.26. Following the transaction, the chief executive officer now owns 247,503 shares of the company’s stock, valued at $14,728,903.53. This represents a 1.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,191,875. The trade was a 8.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,511 shares of company stock valued at $1,329,787 in the last quarter. Insiders own 5.80% of the company’s stock.

Alarm.com Stock Performance

Alarm.com stock opened at $58.76 on Wednesday. The firm’s 50 day simple moving average is $54.63 and its 200 day simple moving average is $59.30. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $2.92 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $71.98.

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 analysts’ consensus estimates of $0.53 by ($0.06). The company had revenue of $242.24 million during the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. As a group, analysts expect that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Alarm.com Company 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.