Motley Fool Wealth Management LLC Lowers 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 trimmed its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 8.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,135 shares of the software maker's stock after selling 19,981 shares during the quarter. Motley Fool Wealth Management LLC owned 0.46% of Alarm.com worth $12,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. grew its position 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 purchasing an additional 533 shares in the last quarter. Larson Financial Group LLC lifted 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 last quarter. Quarry LP lifted its stake in Alarm.com by 43.0% in the fourth quarter. Quarry LP now owns 1,008 shares of the software maker's stock worth $61,000 after purchasing an additional 303 shares during the last quarter. GAMMA Investing LLC lifted its stake in Alarm.com by 87.9% in the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock worth $109,000 after purchasing an additional 919 shares during the last quarter. Finally, CWM LLC lifted its stake in Alarm.com by 95.5% in the first quarter. CWM LLC now owns 2,031 shares of the software maker's stock worth $113,000 after purchasing an additional 992 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

Alarm.com Price Performance

Shares of Alarm.com stock traded down $0.65 during trading hours on Friday, reaching $56.10. The stock had a trading volume of 104,596 shares, compared to its average volume of 350,400. The stock's 50 day moving average is $56.24 and its 200 day moving average is $56.78. The firm has a market capitalization of $2.80 billion, a PE ratio of 23.55, a PEG ratio of 3.04 and a beta of 0.97. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month 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.

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 for the quarter, topping analysts' consensus estimates of $0.52 by $0.08. The business had revenue of $254.31 million during the quarter, compared to the consensus estimate 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 was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Equities analysts expect that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Alarm.com

In related news, insider Jeffrey A. Bedell sold 2,204 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $56.66, for a total transaction 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. This represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Trundle sold 3,644 shares of the 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 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. This trade represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,577 shares of company stock valued at $1,003,121. Corporate insiders own 5.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ALRM. Raymond James Financial cut their price objective 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. The Goldman Sachs Group lowered their price objective on shares of 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 analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently 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.