Deutsche Bank AG Decreases Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Key Points

• Deutsche Bank AG has reduced its stake in Alarm.com Holdings, Inc. to 388,025 shares, following the sale of 4,686 shares, which is a 1.2% decrease in their holdings.
• Alarm.com reported earnings per share of $0.60 for the recent quarter, exceeding expectations, along with a revenue of $254.31 million, marking an 8.8% increase from the previous year.
• The stock price of Alarm.com increased by 4.6%, trading at $57.51, with a market capitalization of approximately $2.87 billion.

Deutsche Bank AG decreased its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 1.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 388,025 shares of the software maker's stock after selling 4,686 shares during the period. Deutsche Bank AG owned 0.78% of Alarm.com worth $21,594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bessemer Group Inc. increased its position 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. increased its position in shares of Alarm.com by 2.3% during the first quarter. Principal Financial Group Inc. now owns 271,379 shares of the software maker's stock valued at $15,102,000 after acquiring an additional 6,078 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Alarm.com during the first quarter valued at approximately $241,000. GAMMA Investing LLC boosted 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 purchasing an additional 919 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Alarm.com by 32.6% in the first quarter. SG Americas Securities LLC now owns 13,886 shares of the software maker's stock worth $773,000 after purchasing an additional 3,413 shares during the last quarter. Institutional investors own 91.74% of the company's stock.

Alarm.com Stock Performance

Shares of ALRM stock traded down $0.96 during mid-day trading on Friday, reaching $55.79. 329,824 shares of the company's stock traded hands, compared to its average volume of 377,413. Alarm.com Holdings, Inc. has a 12 month low of $48.23 and a 12 month high of $70.06. The firm has a 50 day moving average price of $56.19 and a two-hundred day moving average price of $56.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.82 and a current ratio of 1.95. The firm has a market capitalization of $2.78 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 3.00 and a beta of 0.97.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The software maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.08. Alarm.com had a net margin of 13.27% and a return on equity of 13.84%. The firm had revenue of $254.31 million during the quarter, compared to the consensus estimate of $243.96 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. On average, research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Insider Activity at Alarm.com

In related news, CEO Stephen Trundle sold 3,644 shares of Alarm.com stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $56.66, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin Christopher Bradley sold 754 shares of Alarm.com stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $56.75, for a total transaction of $42,789.50. Following the transaction, the chief financial officer owned 53,056 shares in the company, valued at approximately $3,010,928. This trade represents a 1.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,577 shares of company stock worth $1,003,121 in the last 90 days. Company insiders own 5.80% of the company's stock.

Wall Street Analyst Weigh In

Separately, Raymond James Financial dropped their target price on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Alarm.com presently has a consensus rating of "Moderate Buy" and an average target price of $64.33.

About Alarm.com

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.