Vanguard Personalized Indexing Management LLC Lowers Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Vanguard Personalized Indexing Management LLC lowered its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 17.2% in the second quarter, Holdings Channel reports. The fund owned 3,181 shares of the software maker’s stock after selling 661 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Alarm.com were worth $202,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. First PREMIER Bank acquired a new position in Alarm.com in the 1st quarter valued at $30,000. YHB Investment Advisors Inc. purchased a new stake in shares of Alarm.com in the 1st quarter worth about $56,000. CWM LLC lifted its holdings in 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 in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Alarm.com by 8.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after purchasing an additional 183 shares in the last quarter. Finally, Argent Capital Management LLC purchased a new position in Alarm.com in the 1st quarter valued at about $201,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Insider Buying and Selling at Alarm.com

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ALRM shares. Barclays dropped their price objective on shares of Alarm.com from $78.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, July 11th. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, The Goldman Sachs Group started coverage on shares of Alarm.com in a research note on Friday, September 6th. They set a “neutral” rating and a $64.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.00.

Alarm.com Stock Down 1.2 %

ALRM opened at $54.67 on Tuesday. The firm has a 50 day moving average price of $60.01 and a 200 day moving average price of $64.43. The company has a market cap of $2.74 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 3.38 and a beta of 0.90. Alarm.com Holdings, Inc. has a 1 year low of $49.70 and a 1 year high of $77.29. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25.

Alarm.com (NASDAQ:ALRM) last issued 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 net margin of 11.92% and a return on equity of 13.00%. The company had revenue of $233.80 million during the quarter, compared to the consensus estimate of $227.35 million. During the same quarter last year, the company earned $0.33 earnings per share. Alarm.com’s revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts expect that Alarm.com Holdings, Inc. will post 1.4 earnings per share for the current 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.