Jane Street Group LLC Sells 59,250 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Jane Street Group LLC lessened its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 78.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,158 shares of the software maker's stock after selling 59,250 shares during the period. Jane Street Group LLC's holdings in Alarm.com were worth $982,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ALRM. SBI Securities Co. Ltd. bought a new stake in shares of Alarm.com during the fourth quarter valued at approximately $25,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Alarm.com during the fourth quarter valued at approximately $36,000. Nisa Investment Advisors LLC raised its stake in shares of Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock valued at $57,000 after acquiring an additional 539 shares in the last quarter. Quarry LP raised its stake in shares of Alarm.com by 43.0% during the fourth quarter. Quarry LP now owns 1,008 shares of the software maker's stock valued at $61,000 after acquiring an additional 303 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Alarm.com by 305.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock valued at $63,000 after acquiring an additional 779 shares in the last quarter. Institutional investors own 91.74% of the company's stock.

Insider Buying and Selling

In other news, CEO Stephen Trundle sold 1,553 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $86,175.97. Following the completion of the sale, the chief executive officer now owns 251,129 shares in the company, valued at approximately $13,935,148.21. This represents a 0.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel Ramos sold 6,890 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $60.06, for a total value of $413,813.40. Following the sale, the insider now owns 38,600 shares of the company's stock, valued at approximately $2,318,316. This represents a 15.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,511 shares of company stock valued at $1,329,787 over the last 90 days. Corporate insiders own 5.80% of the company's stock.

Alarm.com Stock Performance

Shares of NASDAQ:ALRM opened at $56.94 on Friday. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a 52 week low of $48.23 and a 52 week high of $71.98. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The firm has a 50 day moving average of $54.59 and a 200 day moving average of $59.31.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). The business had revenue of $242.24 million during the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. On average, sell-side analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ALRM. Barclays decreased their price target on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group decreased their price target on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Finally, Raymond James reduced their price objective on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a research note on Friday, May 9th. One 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.

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