Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM – Free Report) by 94.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,969 shares of the software maker’s stock after selling 99,688 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Alarm.com were worth $305,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in ALRM. Arizona State Retirement System grew its holdings in Alarm.com by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 13,975 shares of the software maker’s stock worth $742,000 after acquiring an additional 210 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Alarm.com by 0.5% during the second quarter. California State Teachers Retirement System now owns 43,287 shares of the software maker’s stock valued at $2,449,000 after acquiring an additional 226 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in shares of Alarm.com by 0.6% during the third quarter. Cresset Asset Management LLC now owns 40,234 shares of the software maker’s stock worth $2,136,000 after purchasing an additional 228 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Alarm.com by 0.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 37,063 shares of the software maker’s stock worth $1,967,000 after purchasing an additional 246 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Alarm.com by 22.4% in the fourth quarter. GAMMA Investing LLC now owns 1,361 shares of the software maker’s stock worth $69,000 after purchasing an additional 249 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.
Alarm.com Stock Down 1.3%
Shares of NASDAQ:ALRM opened at $46.63 on Wednesday. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.65 and a beta of 0.79. The company has a quick ratio of 1.78, a current ratio of 1.92 and a debt-to-equity ratio of 0.58. Alarm.com Holdings, Inc. has a 12-month low of $41.50 and a 12-month high of $60.76. The business’s 50 day moving average is $45.60 and its 200 day moving average is $48.52.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on ALRM shares. Zacks Research lowered Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Alarm.com in a research report on Friday, April 24th. JPMorgan Chase & Co. lowered their price objective on Alarm.com from $55.00 to $40.00 and set an “underweight” rating for the company in a research report on Wednesday, February 18th. Finally, Barclays cut their price objective on Alarm.com from $56.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $56.67.
Get Our Latest Analysis on ALRM
Insider Activity at Alarm.com
In related news, CFO Kevin Christopher Bradley sold 1,510 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $45.97, for a total transaction of $69,414.70. Following the transaction, the chief financial officer directly owned 51,546 shares of the company’s stock, valued at $2,369,569.62. This trade represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is currently owned by corporate insiders.
Alarm.com Company Profile
Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company’s interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.
Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.
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