Dimensional Fund Advisors LP Decreases Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Dimensional Fund Advisors LP cut its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,087,237 shares of the software maker's stock after selling 30,994 shares during the period. Dimensional Fund Advisors LP owned about 2.20% of Alarm.com worth $66,105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in shares of 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 buying an additional 11,531 shares during the period. Atomi Financial Group Inc. bought a new position in Alarm.com during the 4th quarter worth approximately $259,000. KBC Group NV lifted its position in shares of Alarm.com by 47.9% in the 4th quarter. KBC Group NV now owns 1,920 shares of the software maker's stock worth $117,000 after purchasing an additional 622 shares during the period. Barclays PLC boosted its stake in shares of Alarm.com by 323.2% in the 3rd quarter. Barclays PLC now owns 91,402 shares of the software maker's stock valued at $4,997,000 after purchasing an additional 69,804 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Alarm.com by 2.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker's stock worth $23,786,000 after buying an additional 9,935 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alarm.com

In other news, CFO Steve Valenzuela sold 3,436 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,191,875. This trade represents a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Kerzner sold 932 shares of the company's stock in a transaction 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 sale, the insider now owns 58,736 shares of the company's stock, valued at $3,259,260.64. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,921 shares of company stock valued at $338,727. Corporate insiders own 5.60% of the company's stock.

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 traded hands, compared to its average volume of 418,211. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 23.79, a P/E/G ratio of 3.59 and a beta of 1.02. The business's fifty day moving average is $54.91 and its 200 day moving average is $59.03. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $71.98.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Equities research analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays dropped 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. The Goldman Sachs Group cut their target price on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Alarm.com presently has a consensus rating of "Hold" and a consensus target price of $61.20.

Alarm.com 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.