Jane Street Group LLC Reduces Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Jane Street Group LLC trimmed its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 78.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in Alarm.com in the fourth quarter valued at approximately $34,841,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Alarm.com during the 4th quarter worth approximately $27,506,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Alarm.com by 120.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker's stock valued at $24,369,000 after buying an additional 219,203 shares in the last quarter. Barclays PLC boosted its holdings in shares of Alarm.com by 323.2% in the 3rd quarter. Barclays PLC now owns 91,402 shares of the software maker's stock valued at $4,997,000 after buying an additional 69,804 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Alarm.com by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker's stock valued at $383,091,000 after buying an additional 68,907 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Stock Performance

Alarm.com stock traded down $0.61 during midday trading on Wednesday, hitting $57.12. 186,901 shares of the company's stock were exchanged, compared to its average volume of 422,690. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $71.98. The firm's 50 day simple moving average is $54.52 and its 200 day simple moving average is $59.26.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ALRM shares. The Goldman Sachs Group reduced 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 report on Thursday, April 17th. Raymond James cut their target price on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a research report on Friday, May 9th. Finally, Barclays decreased their target price 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Alarm.com has an average rating of "Moderate Buy" and a consensus target price of $64.33.

Insider Transactions at Alarm.com

In other news, insider Daniel Kerzner sold 932 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $51,716.68. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the sale, the chief financial officer now directly owns 37,500 shares of the company's stock, valued at approximately $2,191,875. This represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,334 shares of company stock worth $2,290,118. Company insiders own 5.60% of the company's stock.

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.