Assenagon Asset Management S.A. Sells 87,234 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Assenagon Asset Management S.A. decreased its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 22.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,978 shares of the software maker's stock after selling 87,234 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.61% of Alarm.com worth $16,916,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Handelsbanken Fonder AB boosted its holdings in shares of Alarm.com by 6.6% during the 1st quarter. Handelsbanken Fonder AB now owns 322,900 shares of the software maker's stock valued at $17,969,000 after acquiring an additional 20,000 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Alarm.com by 32.6% during the 1st quarter. SG Americas Securities LLC now owns 13,886 shares of the software maker's stock valued at $773,000 after acquiring an additional 3,413 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Alarm.com by 87.9% during the 1st quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock valued at $109,000 after acquiring an additional 919 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in shares of Alarm.com by 3.8% during the 4th quarter. Centaurus Financial Inc. now owns 245,671 shares of the software maker's stock valued at $14,937,000 after acquiring an additional 9,027 shares in the last quarter. Finally, Jefferies Financial Group Inc. boosted its holdings in shares of Alarm.com by 818.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 116,452 shares of the software maker's stock valued at $7,080,000 after acquiring an additional 103,777 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

Analyst Upgrades and Downgrades

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

Alarm.com Trading Down 1.5%

Shares of NASDAQ:ALRM traded down $0.84 during midday trading on Friday, reaching $56.64. The company's stock had a trading volume of 329,249 shares, compared to its average volume of 398,161. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 3.59 and a beta of 1.02. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The firm has a 50 day moving average price of $55.32 and a two-hundred day moving average price of $58.97. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $71.98.

Insider Activity

In other news, insider Jeffrey A. Bedell sold 2,019 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $59.51, for a total value of $120,150.69. Following the transaction, the insider now directly owns 490,509 shares of the company's stock, valued at $29,190,190.59. The trade was a 0.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen Trundle sold 1,553 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 value of $86,175.97. Following the completion of the transaction, the chief executive officer now directly owns 251,129 shares in the company, valued at $13,935,148.21. This represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,898 shares of company stock valued at $2,089,284 in the last ninety days. 5.80% of the stock is owned by company insiders.

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.