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

Teacher Retirement System of Texas cut 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 disclosure with the Securities & 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 about 0.10% of Alarm.com worth $2,772,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. raised its stake in 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 buying an additional 533 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Alarm.com during the first quarter valued at $241,000. GAMMA Investing LLC raised its stake in 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. Norges Bank purchased a new position in Alarm.com during the fourth quarter valued at $34,841,000. Finally, SG Americas Securities LLC raised its stake in 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.

Insider Buying and Selling

In other Alarm.com news, insider Daniel Ramos sold 7,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $57.68, for a total transaction of $403,760.00. Following the completion of the sale, the insider owned 42,192 shares of the company's stock, valued at approximately $2,433,634.56. The trade was a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel Kerzner sold 2,213 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 value of $125,388.58. Following the sale, the insider directly owned 72,004 shares of the company's stock, valued at $4,079,746.64. This represents a 2.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,167 shares of company stock valued at $1,994,181 over the last ninety days. 5.80% of the stock is owned by insiders.

Alarm.com Stock Performance

Shares of ALRM traded down $1.21 during trading hours on Friday, hitting $55.42. The stock had a trading volume of 93,155 shares, compared to its average volume of 377,988. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.14 and a quick ratio of 2.01. Alarm.com Holdings, Inc. has a 12 month low of $48.23 and a 12 month high of $71.98. The firm has a market capitalization of $2.76 billion, a PE ratio of 23.34, a PEG ratio of 3.07 and a beta of 0.99. The stock has a fifty day moving average price of $57.26 and a 200 day moving average price of $57.79.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Raymond James Financial decreased their price target on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a research note on Friday, May 9th. Barclays decreased their price target on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Finally, The Goldman Sachs Group decreased their price target on 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 research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $64.33.

About Alarm.com

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.