Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Montanaro Asset Management Ltd

Key Points

• Montanaro Asset Management Ltd reduced its position in Alarm.com Holdings, Inc. by 26.7% in the first quarter, now owning 174,790 shares, which account for 2.9% of its investment portfolio.
• Other large investors like Bessemer Group Inc. and Larson Financial Group LLC significantly increased their stakes in Alarm.com, with Bessemer's position growing by 304.6%.
• Wall Street analysts have lowered their target prices for Alarm.com, with Raymond James and Barclays adjusting their targets to $80.00 and $60.00 respectively, while the stock has a consensus rating of "Moderate Buy."

Montanaro Asset Management Ltd trimmed its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 26.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,790 shares of the software maker's stock after selling 63,510 shares during the period. Alarm.com accounts for 2.9% of Montanaro Asset Management Ltd's portfolio, making the stock its 17th largest position. Montanaro Asset Management Ltd owned 0.35% of Alarm.com worth $9,727,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Burgundy Asset Management Ltd. acquired a new position in shares of Alarm.com in the fourth quarter valued at about $42,490,000. T. Rowe Price Investment Management Inc. purchased a new position in Alarm.com during the fourth quarter worth approximately $27,506,000. Nuveen LLC purchased a new position in Alarm.com during the first quarter worth approximately $21,584,000. Public Sector Pension Investment Board lifted its position in shares of Alarm.com by 152.1% in the first quarter. Public Sector Pension Investment Board now owns 310,588 shares of the software maker's stock valued at $17,284,000 after acquiring an additional 187,398 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Alarm.com in the fourth quarter valued at approximately $8,156,000. 91.74% of the stock is owned by institutional investors.

Alarm.com Stock Performance

Shares of Alarm.com stock traded down $0.96 on Friday, hitting $55.79. The stock had a trading volume of 329,824 shares, compared to its average volume of 377,413. Alarm.com Holdings, Inc. has a 52-week low of $48.23 and a 52-week high of $70.06. The company has a current ratio of 1.95, a quick ratio of 1.82 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 3.00 and a beta of 0.97. The company's 50 day moving average price is $56.19 and its 200 day moving average price is $56.73.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The software maker reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $243.96 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. On average, research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ALRM shares. Raymond James Financial cut their price target on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a report on Friday, May 9th. The Goldman Sachs Group dropped their price objective on Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $64.33.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 7,000 shares of the stock in a transaction 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 transaction, the insider 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stephen Trundle sold 3,644 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total value of $206,469.04. Following the transaction, the chief executive officer directly owned 268,859 shares in the company, valued at approximately $15,233,550.94. This represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,577 shares of company stock worth $1,003,121. Corporate insiders own 5.80% 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.