Motley Fool Asset Management LLC Trims Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Key Points

• Motley Fool Asset Management LLC reduced its stake in Alarm.com Holdings, Inc. by 9.1% during the 1st quarter, selling 15,403 shares and retaining 153,000 shares worth approximately $8.5 million.
• Several institutional investors have adjusted their positions, with US Bancorp DE significantly increasing its stake by 99.4% in the same quarter.
• Wall Street analysts have cut price targets for Alarm.com, with Raymond James lowering it from $85 to $80, while the company's average rating stands at "Moderate Buy" with a consensus price target of $64.33.

Motley Fool Asset Management LLC reduced its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 9.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,000 shares of the software maker's stock after selling 15,403 shares during the quarter. Motley Fool Asset Management LLC owned about 0.31% of Alarm.com worth $8,514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC purchased a new position in Alarm.com during the first quarter worth about $21,584,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Alarm.com by 15.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 253,361 shares of the software maker's stock worth $14,100,000 after buying an additional 33,905 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Alarm.com by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 535,678 shares of the software maker's stock worth $29,810,000 after buying an additional 5,295 shares during the period. Geneva Capital Management LLC lifted its position in Alarm.com by 0.9% during the first quarter. Geneva Capital Management LLC now owns 1,310,216 shares of the software maker's stock worth $72,913,000 after buying an additional 12,198 shares during the period. Finally, US Bancorp DE lifted its position in Alarm.com by 99.4% during the first quarter. US Bancorp DE now owns 12,761 shares of the software maker's stock worth $710,000 after buying an additional 6,362 shares during the period. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Raymond James Financial cut their price objective on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group cut their price objective on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Barclays cut their price objective on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. One equities research 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $64.33.

Alarm.com Price Performance

ALRM stock opened at $54.41 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.82 and a current ratio of 1.95. Alarm.com Holdings, Inc. has a 1 year low of $48.23 and a 1 year high of $70.06. The firm has a market cap of $2.72 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 2.91 and a beta of 0.97. The stock has a 50-day simple moving average of $56.42 and a 200-day simple moving average of $56.88.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its earnings results on Thursday, August 7th. The software maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.08. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%. The business had revenue of $254.31 million during the quarter, compared to analyst estimates of $243.96 million. During the same quarter last year, the firm earned $0.58 earnings per share. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Kevin Christopher Bradley sold 754 shares of Alarm.com stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $56.75, for a total value of $42,789.50. Following the completion of the transaction, the chief financial officer owned 53,056 shares in the company, valued at approximately $3,010,928. This trade represents a 1.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Kerzner sold 2,213 shares of Alarm.com stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total value of $125,388.58. Following the completion of the transaction, the insider owned 72,004 shares of the company's stock, valued at approximately $4,079,746.64. The trade was a 2.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,167 shares of company stock worth $1,994,181 over the last quarter. Corporate 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.

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