Deutsche Bank AG Sells 4,686 Shares of Alarm.com Holdings, Inc. $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 trimmed 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 disclosure with the Securities and Exchange Commission. The fund owned 388,025 shares of the software maker's stock after selling 4,686 shares during the quarter. Deutsche Bank AG owned 0.78% of Alarm.com worth $21,594,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ALRM. Burgundy Asset Management Ltd. purchased a new stake in shares of Alarm.com during the fourth quarter valued at approximately $42,490,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Alarm.com during the fourth quarter valued at approximately $27,506,000. Mercer Global Advisors Inc. ADV purchased a new stake in Alarm.com in the fourth quarter worth $8,156,000. GAMMA Investing LLC increased its position in Alarm.com by 10,359.0% in the first quarter. GAMMA Investing LLC now owns 109,297 shares of the software maker's stock worth $6,082,000 after buying an additional 108,252 shares during the last quarter. Finally, Jefferies Financial Group Inc. increased its position in Alarm.com by 818.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 116,452 shares of the software maker's stock worth $7,080,000 after buying an additional 103,777 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial decreased their target price 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $64.33.

Insider Transactions at Alarm.com

In related news, insider Jeffrey A. Bedell sold 2,204 shares of Alarm.com stock in a transaction 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 sale, the insider owned 505,805 shares of the company's stock, valued at approximately $28,658,911.30. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Ramos sold 7,000 shares of Alarm.com stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $57.68, for a total value of $403,760.00. Following the sale, the insider directly owned 42,192 shares of the company's stock, valued at $2,433,634.56. This represents a 14.23% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,577 shares of company stock valued at $1,003,121. 5.60% of the stock is currently owned by company insiders.

Alarm.com Stock Performance

Shares of Alarm.com stock traded up $0.81 during trading hours on Monday, reaching $56.60. The company had a trading volume of 79,644 shares, compared to its average volume of 350,096. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $70.06. The business has a fifty day simple moving average of $56.19 and a 200 day simple moving average of $56.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.95 and a quick ratio of 1.82. The firm has a market cap of $2.82 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97.

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

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.