Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC decreased its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 38.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,212 shares of the software maker's stock after selling 6,260 shares during the period. Nebula Research & Development LLC's holdings in Alarm.com were worth $621,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. lifted its position in Alarm.com by 3.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker's stock valued at $301,000 after purchasing an additional 172 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Alarm.com by 8.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker's stock valued at $162,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC raised its stake in Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock worth $64,000 after acquiring an additional 238 shares during the period. MetLife Investment Management LLC lifted its holdings in Alarm.com by 1.0% during the fourth quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker's stock valued at $1,710,000 after purchasing an additional 281 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Alarm.com by 0.3% in the fourth quarter. Legal & General Group Plc now owns 139,290 shares of the software maker's stock worth $8,469,000 after purchasing an additional 401 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.

Alarm.com Price Performance

Shares of Alarm.com stock traded up $0.71 during trading hours on Friday, reaching $54.47. 241,129 shares of the company's stock were exchanged, compared to its average volume of 416,870. Alarm.com Holdings, Inc. has a 1 year low of $48.23 and a 1 year high of $71.98. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $2.71 billion, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. The business has a fifty day moving average of $55.01 and a two-hundred day moving average of $58.99.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (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 analysts' expectations of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. As a group, research analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ALRM has been the subject of several research analyst reports. The Goldman Sachs Group cut their target price on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Barclays reduced 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. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $61.20.

Insiders Place Their Bets

In other news, insider Daniel Kerzner sold 932 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68. Following the transaction, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. The trade was a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen Trundle sold 1,553 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $86,175.97. Following the completion of the sale, the chief executive officer now owns 251,129 shares of the company's stock, valued at approximately $13,935,148.21. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,921 shares of company stock valued at $338,727. 5.60% of the stock is currently owned by insiders.

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.