Teacher Retirement System of Texas Sells 10,824 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Teacher Retirement System of Texas trimmed its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 17.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,807 shares of the software maker's stock after selling 10,824 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.10% of Alarm.com worth $2,772,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Alarm.com during the fourth quarter worth about $25,000. C M Bidwell & Associates Ltd. purchased a new stake in Alarm.com during the 4th quarter worth about $36,000. Bessemer Group Inc. boosted 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 buying an additional 533 shares in the last quarter. Quarry LP grew its holdings in shares of Alarm.com by 43.0% during 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. Finally, GAMMA Investing LLC increased its position in Alarm.com by 87.9% during the first 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 period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Stock Performance

NASDAQ ALRM traded down $1.85 on Friday, hitting $54.77. The stock had a trading volume of 288,520 shares, compared to its average volume of 378,703. The company's 50-day moving average is $57.27 and its two-hundred day moving average is $57.74. The company has a quick ratio of 2.01, a current ratio of 2.14 and a debt-to-equity ratio of 0.64. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 3.03 and a beta of 0.99. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $71.98.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. The Goldman Sachs Group decreased their price objective on Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Raymond James Financial reduced their price target on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a research report on Friday, May 9th. Finally, Barclays dropped 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 report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.33.

Insider Activity at Alarm.com

In other news, insider Jeffrey A. Bedell sold 2,204 shares of the business'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 transaction, the insider owned 505,805 shares in the company, 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 SEC, which can be accessed through the SEC website. Also, insider Daniel Kerzner sold 2,213 shares of the business's 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 completion of the sale, the insider directly owned 72,004 shares in the company, valued at $4,079,746.64. This trade represents a 2.98% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,167 shares of company stock worth $1,994,181. 5.80% of the stock is currently owned by corporate insiders.

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.