Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,232 shares of the software maker’s stock after selling 200 shares during the quarter. New York State Teachers Retirement System’s holdings in Alarm.com were worth $2,418,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Oakworth Capital Inc. purchased a new stake in shares of Alarm.com during the 3rd quarter valued at approximately $38,000. Point72 DIFC Ltd increased its stake in Alarm.com by 293.6% during the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after acquiring an additional 1,101 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Alarm.com in the second quarter valued at $108,000. CWM LLC lifted its stake in shares of Alarm.com by 42.0% in the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after purchasing an additional 618 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Alarm.com by 8.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after purchasing an additional 183 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Insiders Place Their Bets

In other news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the transaction, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the sale, the insider now directly owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALRM. The Goldman Sachs Group assumed coverage on shares of Alarm.com in a research report on Friday, September 6th. They issued a “neutral” rating and a $64.00 target price on the stock. Barclays lowered their price objective on shares of Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Jefferies Financial Group initiated coverage on Alarm.com in a research report on Tuesday. They issued a “buy” rating and a $65.00 target price on the stock. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Roth Mkm dropped their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Alarm.com presently has a consensus rating of “Hold” and a consensus target price of $66.40.

Alarm.com Price Performance

Alarm.com stock opened at $57.14 on Friday. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52. Alarm.com Holdings, Inc. has a 52-week low of $51.19 and a 52-week high of $77.29. The firm has a market cap of $2.81 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 3.25 and a beta of 0.90. The company’s 50 day moving average is $54.73 and its two-hundred day moving average is $61.39.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.09. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The business had revenue of $233.80 million for the quarter, compared to analysts’ expectations of $227.35 million. During the same period last year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, research analysts expect that Alarm.com Holdings, Inc. will post 1.4 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.