Teacher Retirement System of Texas lessened its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 17.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of ALRM. Burgundy Asset Management Ltd. acquired a new stake in Alarm.com in the 4th quarter valued at $42,490,000. Norges Bank acquired a new stake in Alarm.com in the 4th quarter valued at $34,841,000. T. Rowe Price Investment Management Inc. acquired a new stake in Alarm.com in the 4th quarter valued at $27,506,000. Arrowstreet Capital Limited Partnership boosted its stake in 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 buying an additional 219,203 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Alarm.com in the 4th quarter valued at $8,156,000. Institutional investors and hedge funds own 91.74% of the company's stock.
Alarm.com Price Performance
Alarm.com stock traded down $1.85 on Friday, reaching $54.77. The company's stock had a trading volume of 288,520 shares, compared to its average volume of 378,544. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.01 and a current ratio of 2.14. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 2.93 and a beta of 0.99. The business's fifty day moving average price is $57.27 and its 200 day moving average price is $57.71. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $71.98.
Insiders Place Their Bets
In other Alarm.com news, CEO Stephen Trundle sold 3,644 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total value of $206,469.04. Following the transaction, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel Kerzner sold 2,213 shares of the business's stock in a transaction 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 directly owned 72,004 shares in the company, valued at approximately $4,079,746.64. This represents a 2.98% 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 in the last three months. Company insiders own 5.80% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently commented on ALRM. The Goldman Sachs Group decreased their price target on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Raymond James Financial decreased their price target on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a research note on Friday, May 9th. Finally, Barclays decreased their price target on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.33.
Check Out Our Latest Report on Alarm.com
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.
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