Motley Fool Wealth Management LLC Has $12.64 Million Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Key Points

• Motley Fool Wealth Management LLC reduced its stake in Alarm.com Holdings, Inc. by 8.1%, owning 227,135 shares valued at approximately $12.64 million as of the latest SEC filing.
• Alarm.com reported a quarterly earnings per share (EPS) of $0.60, exceeding analysts' expectations of $0.52, with a revenue increase of 8.8% year-over-year to $254.31 million.
• Recent analyst recommendations have resulted in varied price target adjustments, with Raymond James cutting their target from $85.00 to $80.00, while the consensus rating for the stock is currently a "Moderate Buy" with a target price of $64.33.

Motley Fool Wealth Management LLC cut its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 8.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 227,135 shares of the software maker's stock after selling 19,981 shares during the period. Motley Fool Wealth Management LLC owned about 0.46% of Alarm.com worth $12,640,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. grew its stake in shares of Alarm.com by 304.6% during the first quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock valued at $39,000 after acquiring an additional 533 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Alarm.com by 2.3% in the first quarter. Principal Financial Group Inc. now owns 271,379 shares of the software maker's stock worth $15,102,000 after acquiring an additional 6,078 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Alarm.com in the first quarter worth about $241,000. GAMMA Investing LLC raised its holdings in shares of Alarm.com by 87.9% during the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock valued at $109,000 after buying an additional 919 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Alarm.com by 32.6% during the first quarter. SG Americas Securities LLC now owns 13,886 shares of the software maker's stock valued at $773,000 after buying an additional 3,413 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Trading Up 4.6%

NASDAQ ALRM traded up $2.51 on Wednesday, hitting $57.51. 767,262 shares of the stock were exchanged, compared to its average volume of 350,446. Alarm.com Holdings, Inc. has a 52-week low of $48.23 and a 52-week high of $70.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.95 and a quick ratio of 1.82. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 2.91 and a beta of 0.97. The company's 50-day moving average price is $56.26 and its two-hundred day moving average price is $56.81.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued 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. The company had revenue of $254.31 million during the quarter, compared to analyst estimates of $243.96 million. Alarm.com had a net margin of 13.27% and a return on equity of 13.84%. The company's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. Research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Insider Activity at Alarm.com

In related news, insider Jeffrey A. Bedell sold 2,204 shares of Alarm.com stock in a transaction 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 sale, the insider owned 505,805 shares of the company's stock, valued at approximately $28,658,911.30. The trade was a 0.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen Trundle sold 3,644 shares of Alarm.com stock in a transaction 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 completion of the sale, the chief executive officer directly owned 268,859 shares of the company's stock, valued at approximately $15,233,550.94. The trade was a 1.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,277 shares of company stock worth $1,580,368. 5.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on ALRM. The Goldman Sachs Group dropped their target price on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. 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 research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $64.33.

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.