Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,027 shares of the software maker's stock after selling 18,018 shares during the quarter. Envestnet Asset Management Inc. owned 0.25% of Alarm.com worth $7,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Alarm.com in the fourth quarter valued at about $25,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Alarm.com during the 4th quarter worth approximately $36,000. Nisa Investment Advisors LLC lifted its stake in Alarm.com by 134.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock valued at $57,000 after buying an additional 539 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Alarm.com by 305.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock valued at $63,000 after buying an additional 779 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Alarm.com by 29.5% during the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock worth $64,000 after buying an additional 238 shares in the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Trading Up 0.0 %

Shares of NASDAQ ALRM traded up $0.02 on Friday, reaching $52.56. 55,823 shares of the company traded hands, compared to its average volume of 416,388. The company has a 50 day moving average of $55.71 and a 200 day moving average of $58.99. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $71.98. The stock has a market capitalization of $2.61 billion, a PE ratio of 22.96, a P/E/G ratio of 3.59 and a beta of 1.03.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on ALRM. The Goldman Sachs Group decreased their price objective on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Barclays decreased their price target on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $61.20.

Insider Buying and Selling at Alarm.com

In other news, CFO Steve Valenzuela sold 3,436 shares of Alarm.com stock in a transaction dated 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 directly owns 37,500 shares of the company's stock, valued at $2,191,875. The trade was a 8.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel Kerzner sold 932 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the sale, the insider now directly 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,921 shares of company stock valued at $338,727. Company insiders own 5.60% of the company's stock.

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.