State of Tennessee Department of Treasury Sells 7,695 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

State of Tennessee Department of Treasury reduced its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 24.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 23,950 shares of the software maker's stock after selling 7,695 shares during the period. State of Tennessee Department of Treasury's holdings in Alarm.com were worth $1,456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ALRM. Vanguard Group Inc. lifted its position in shares of Alarm.com by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker's stock worth $383,091,000 after purchasing an additional 68,907 shares during the period. Norges Bank bought a new stake in shares of Alarm.com in the fourth quarter worth approximately $34,841,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Alarm.com by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker's stock worth $32,247,000 after acquiring an additional 8,840 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Alarm.com by 120.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker's stock worth $24,369,000 after purchasing an additional 219,203 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Alarm.com by 2.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker's stock valued at $23,786,000 after acquiring an additional 9,935 shares during the period. Hedge funds and other institutional investors own 91.74% of the company's stock.

Insider Transactions at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 1,553 shares of Alarm.com stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value of $86,175.97. Following the completion of the sale, the chief executive officer now directly owns 251,129 shares in the company, valued at $13,935,148.21. The trade was a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Kerzner sold 932 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $51,716.68. Following the transaction, the insider now owns 58,736 shares of the company's stock, valued at approximately $3,259,260.64. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,921 shares of company stock valued at $338,727. Insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays decreased their target price on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group cut their price target on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. 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.com, the stock has a consensus rating of "Hold" and an average target price of $61.20.

Alarm.com Stock Up 1.3 %

Shares of NASDAQ:ALRM traded up $0.71 during trading on Friday, hitting $54.47. 241,129 shares of the company were exchanged, compared to its average volume of 417,518. The stock has a market capitalization of $2.71 billion, a P/E ratio of 23.79, a PEG ratio of 3.59 and a beta of 1.02. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $71.98. The firm's 50 day moving average price is $54.91 and its 200-day moving average price is $59.00.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its 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). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The company had revenue of $242.24 million during the quarter, compared to analysts' expectations of $237.44 million. On average, research analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal 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.