Jefferies Financial Group Inc. Sells 104,200 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Key Points

• Jefferies Financial Group Inc. significantly cut its holdings in Alarm.com, selling 104,200 shares, which represents an 89.5% reduction, leaving it with 12,252 shares valued at $682,000.
• Analysts' ratings on Alarm.com have varied, with targets ranging from $58.00 to $85.00; currently, the stock holds a consensus rating of "Moderate Buy" with a price target of $64.33.
• Insider trading activity includes CEO Stephen Trundle selling 3,644 shares and insider Daniel Ramos selling 7,000 shares, indicating a trend of insider selling within the company.

Jefferies Financial Group Inc. reduced its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 89.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,252 shares of the software maker's stock after selling 104,200 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Alarm.com were worth $682,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in shares of Alarm.com by 304.6% during the 1st quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock valued at $39,000 after purchasing an additional 533 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Alarm.com by 235.5% during the 1st quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock valued at $51,000 after purchasing an additional 643 shares during the last quarter. Quarry LP grew its holdings in shares of Alarm.com by 43.0% during the 4th quarter. Quarry LP now owns 1,008 shares of the software maker's stock valued at $61,000 after purchasing an additional 303 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Alarm.com by 87.9% during the 1st quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock valued at $109,000 after purchasing an additional 919 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Alarm.com by 95.5% during the 1st quarter. CWM LLC now owns 2,031 shares of the software maker's stock valued at $113,000 after purchasing an additional 992 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ALRM has been the topic of several research reports. Barclays decreased their price target on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Raymond James Financial decreased their price target 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. Finally, The Goldman Sachs Group decreased their price target on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. One equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.33.

Insider Buying and Selling at Alarm.com

In related news, CEO Stephen Trundle sold 3,644 shares of Alarm.com stock in a transaction that occurred 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 sale, the chief executive officer directly owned 268,859 shares in the company, valued at $15,233,550.94. This trade represents a 1.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Ramos sold 7,000 shares of Alarm.com stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $57.68, for a total transaction of $403,760.00. Following the sale, the insider owned 42,192 shares in the company, valued at approximately $2,433,634.56. This represents a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,167 shares of company stock worth $1,994,181 over the last quarter. Insiders own 5.60% of the company's stock.

Alarm.com Stock Down 0.6%

NASDAQ:ALRM opened at $55.24 on Wednesday. The firm's 50 day simple moving average is $56.57 and its 200 day simple moving average is $57.06. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.14 and a quick ratio of 2.01. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $70.06. The company has a market cap of $2.75 billion, a PE ratio of 23.31, a P/E/G ratio of 2.97 and a beta of 0.97.

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.

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