Twinbeech Capital LP Reduces Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Twinbeech Capital LP reduced its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 93.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,528 shares of the software maker's stock after selling 99,131 shares during the period. Twinbeech Capital LP's holdings in Alarm.com were worth $397,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its holdings in Alarm.com by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker's stock worth $16,130,000 after acquiring an additional 11,531 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in Alarm.com during the 4th quarter worth approximately $259,000. KBC Group NV grew its holdings in Alarm.com by 47.9% during the 4th quarter. KBC Group NV now owns 1,920 shares of the software maker's stock worth $117,000 after acquiring an additional 622 shares in the last quarter. Barclays PLC grew its holdings in Alarm.com by 323.2% during the 3rd quarter. Barclays PLC now owns 91,402 shares of the software maker's stock worth $4,997,000 after acquiring an additional 69,804 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock worth $57,000 after acquiring an additional 539 shares in the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, 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 sale, the chief executive officer now directly owns 251,129 shares of the company's stock, valued at $13,935,148.21. This trade represents a 0.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel Ramos sold 6,890 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $60.06, for a total transaction of $413,813.40. Following the sale, the insider now directly owns 38,600 shares in the company, valued at $2,318,316. This represents a 15.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 39,334 shares of company stock worth $2,290,118. 5.60% of the stock is owned by corporate insiders.

Alarm.com Price Performance

Shares of ALRM traded down $0.64 during trading hours on Wednesday, reaching $57.10. The company had a trading volume of 54,140 shares, compared to its average volume of 422,943. The firm has a 50 day simple moving average of $54.51 and a 200-day simple moving average of $59.28. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $71.98.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Raymond James lowered their target price on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a report on Friday, May 9th. The Goldman Sachs Group cut their price objective on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Finally, Barclays cut their price objective on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $64.33.

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.