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 reduced its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 26.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 174,790 shares of the software maker's stock after selling 63,510 shares during the quarter. Alarm.com comprises about 2.9% of Montanaro Asset Management Ltd's portfolio, making the stock its 17th biggest position. Montanaro Asset Management Ltd owned 0.35% of Alarm.com worth $9,727,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Separately, Raymond James Financial dropped their target price on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $64.33.

Insiders Place Their Bets

In other Alarm.com news, insider Daniel Kerzner sold 2,213 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total transaction of $125,388.58. Following the transaction, the insider owned 72,004 shares in the company, valued at approximately $4,079,746.64. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey A. Bedell sold 2,204 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $56.66, for a total value of $124,878.64. Following the completion of the transaction, the insider owned 505,805 shares in the company, valued at approximately $28,658,911.30. This trade represents a 0.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,577 shares of company stock worth $1,003,121. 5.80% of the stock is currently owned by company insiders.

Alarm.com Stock Performance

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

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $254.31 million during the quarter, compared to analysts' expectations of $243.96 million. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%. The company's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. As a group, equities research analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

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.