Alarm.com Holdings, Inc. (NASDAQ:ALRM) Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 371,068 shares of the software maker's stock after selling 16,293 shares during the quarter. Bank of New York Mellon Corp owned about 0.75% of Alarm.com worth $20,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. grew its stake in shares of Alarm.com by 304.6% during the first quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock valued at $39,000 after acquiring an additional 533 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Alarm.com by 2.3% in the first quarter. Principal Financial Group Inc. now owns 271,379 shares of the software maker's stock worth $15,102,000 after acquiring an additional 6,078 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Alarm.com in the first quarter worth about $241,000. GAMMA Investing LLC lifted its holdings in Alarm.com by 87.9% in the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock worth $109,000 after acquiring an additional 919 shares during the last quarter. Finally, Norges Bank bought a new position in Alarm.com in the fourth quarter worth about $34,841,000. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Price Performance

Shares of NASDAQ ALRM traded down $0.29 during mid-day trading on Monday, reaching $55.03. 222,787 shares of the company traded hands, compared to its average volume of 376,581. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $71.98. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.14 and a quick ratio of 2.01. The firm has a market cap of $2.74 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 2.96 and a beta of 0.99. The stock has a fifty day simple moving average of $57.32 and a 200-day simple moving average of $57.46.

Analyst Ratings Changes

A number of research firms have recently weighed in on ALRM. The Goldman Sachs Group cut their price target on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Raymond James Financial cut their price target 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, Barclays cut their price target 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $64.33.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 3,644 shares of Alarm.com stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $56.66, for a total value of $206,469.04. Following the transaction, the chief executive officer owned 268,859 shares in the company, valued at approximately $15,233,550.94. The trade was a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey A. Bedell sold 2,204 shares of Alarm.com stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total transaction of $124,878.64. Following the completion of the transaction, the insider owned 505,805 shares in the company, valued at approximately $28,658,911.30. This trade represents a 0.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,167 shares of company stock worth $1,994,181. 5.60% of the stock is owned by corporate insiders.

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.