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 first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 303,978 shares of the software maker's stock after selling 87,234 shares during the period. Assenagon Asset Management S.A. owned approximately 0.61% of Alarm.com worth $16,916,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ALRM. SBI Securities Co. Ltd. bought a new position in Alarm.com during the 4th quarter worth about $25,000. C M Bidwell & Associates Ltd. purchased a new position in Alarm.com during the 4th quarter worth approximately $36,000. Quarry LP raised its position in Alarm.com by 43.0% during the 4th quarter. Quarry LP now owns 1,008 shares of the software maker's stock worth $61,000 after buying an additional 303 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Alarm.com by 305.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock worth $63,000 after purchasing an additional 779 shares during the period. Finally, GAMMA Investing LLC grew its stake 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 worth $109,000 after purchasing an additional 919 shares during the period. Institutional investors own 91.74% of the company's stock.

Alarm.com Stock Down 1.6%

NASDAQ ALRM traded down $0.93 during mid-day trading on Tuesday, reaching $56.96. 327,345 shares of the company's stock traded hands, compared to its average volume of 397,911. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 24.03, a P/E/G ratio of 3.10 and a beta of 1.02. The company has a fifty day simple moving average of $55.56 and a 200-day simple moving average of $58.87. The company has a current ratio of 2.14, a quick ratio of 2.01 and a debt-to-equity ratio of 0.64. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $71.98.

Insiders Place Their Bets

In other Alarm.com news, CEO Stephen Trundle sold 3,644 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total value of $206,469.04. Following the sale, the chief executive officer now owns 268,859 shares in the company, valued at $15,233,550.94. This represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Kerzner sold 932 shares of the company's 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 $51,716.68. Following the completion of the transaction, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. The trade was a 1.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,898 shares of company stock worth $2,089,284. 5.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ALRM has been the topic of several recent research reports. The Goldman Sachs Group lowered their target price on shares of 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 cut 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. Finally, Raymond James Financial lowered their price objective on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Alarm.com 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.