Motley Fool Wealth Management LLC Decreases Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Motley Fool Wealth Management LLC reduced its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 5.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 247,116 shares of the software maker’s stock after selling 15,284 shares during the period. Motley Fool Wealth Management LLC owned 0.50% of Alarm.com worth $15,011,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALRM. Principal Financial Group Inc. boosted its stake in Alarm.com by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker’s stock valued at $16,130,000 after acquiring an additional 11,531 shares in the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Alarm.com during the 4th quarter valued at $259,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Alarm.com in the 3rd quarter worth $1,322,000. Charles Schwab Investment Management Inc. grew its stake 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 worth $28,513,000 after buying an additional 7,567 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Alarm.com by 18.0% during the 3rd quarter. Bank of Montreal Can now owns 323,133 shares of the software maker’s stock valued at $17,879,000 after buying an additional 49,403 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Price Performance

NASDAQ ALRM opened at $57.69 on Wednesday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 3.59 and a beta of 1.10. 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 stock’s fifty day moving average price is $60.35 and its 200 day moving average price is $59.39. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $74.25.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a report 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $64.40.

Insider Activity

In related news, CFO Steve Valenzuela sold 3,436 shares of Alarm.com 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 transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. This trade represents a 8.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.60% of the company’s stock.

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.