Evanson Asset Management LLC Sells 40,300 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Evanson Asset Management LLC decreased its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 19.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 169,786 shares of the software maker's stock after selling 40,300 shares during the period. Alarm.com accounts for approximately 0.7% of Evanson Asset Management LLC's portfolio, making the stock its 28th biggest position. Evanson Asset Management LLC owned about 0.34% of Alarm.com worth $9,449,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Cardinal Capital Management boosted its position in Alarm.com by 6.7% during the first quarter. Cardinal Capital Management now owns 25,038 shares of the software maker's stock valued at $1,393,000 after purchasing an additional 1,581 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Alarm.com by 6.6% during the first quarter. Handelsbanken Fonder AB now owns 322,900 shares of the software maker's stock valued at $17,969,000 after purchasing an additional 20,000 shares during the last quarter. SG Americas Securities LLC boosted its position in Alarm.com by 32.6% during the first quarter. SG Americas Securities LLC now owns 13,886 shares of the software maker's stock valued at $773,000 after purchasing an additional 3,413 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of 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 buying an additional 919 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its position in shares of Alarm.com by 3.8% in the fourth quarter. Centaurus Financial Inc. now owns 245,671 shares of the software maker's stock worth $14,937,000 after buying an additional 9,027 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

Insider Buying and Selling

In related news, insider Daniel Kerzner sold 932 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the transaction, the insider now owns 58,736 shares of the company's stock, valued at approximately $3,259,260.64. The trade was a 1.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen Trundle sold 1,553 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $86,175.97. Following the transaction, the chief executive officer now directly owns 251,129 shares of the company's stock, valued at $13,935,148.21. This represents a 0.61% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,898 shares of company stock valued at $2,089,284. Insiders own 5.60% of the company's stock.

Alarm.com Stock Performance

Shares of NASDAQ ALRM traded up $0.63 during trading hours on Monday, hitting $56.80. 415,760 shares of the company's stock were exchanged, compared to its average volume of 397,562. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year 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 stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 3.01 and a beta of 1.02. The company's 50-day moving average price is $55.93 and its 200-day moving average price is $58.51.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Raymond James Financial reduced their price target 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. Barclays reduced their price target on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Finally, The Goldman Sachs Group reduced their price target on Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $64.33.

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.