New York State Common Retirement Fund reduced its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 15.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 526,230 shares of the software maker's stock after selling 94,082 shares during the period. New York State Common Retirement Fund owned approximately 1.06% of Alarm.com worth $29,285,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in ALRM. Burgundy Asset Management Ltd. acquired a new position in shares of Alarm.com in the 4th quarter valued at about $42,490,000. Norges Bank acquired a new position in shares of Alarm.com in the 4th quarter valued at about $34,841,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Alarm.com in the 4th quarter valued at about $27,506,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Alarm.com by 120.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker's stock valued at $24,369,000 after purchasing an additional 219,203 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Alarm.com in the 4th quarter valued at about $8,156,000. 91.74% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Alarm.com
In other news, insider Daniel Kerzner sold 2,213 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 $125,388.58. Following the transaction, the insider owned 72,004 shares in the company, valued at $4,079,746.64. This trade represents a 2.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel Ramos sold 7,000 shares of Alarm.com 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 in the company, valued at $2,433,634.56. This represents a 14.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,167 shares of company stock worth $1,994,181 over the last three months. Company insiders own 5.80% of the company's stock.
Alarm.com Trading Down 0.3%
Shares of NASDAQ ALRM traded down $0.17 during midday trading on Friday, hitting $55.34. 90,072 shares of the company traded hands, compared to its average volume of 375,378. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $71.98. The stock has a 50-day moving average price of $57.34 and a 200 day moving average price of $57.54. The firm has a market cap of $2.75 billion, a P/E ratio of 23.35, a P/E/G ratio of 2.93 and a beta of 0.99. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.01 and a current ratio of 2.14.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on ALRM shares. Raymond James Financial dropped their target price 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. Barclays cut their target price on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Finally, The Goldman Sachs Group lowered their price target 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 investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Alarm.com presently has an average rating of "Moderate Buy" and an average price target of $64.33.
Check Out Our Latest Research Report on ALRM
About Alarm.com
(
Free Report)
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.
Read More
Before you consider Alarm.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alarm.com wasn't on the list.
While Alarm.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
