Two Sigma Investments LP Lowers Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Two Sigma Investments LP lowered its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 18.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,201 shares of the software maker's stock after selling 11,892 shares during the period. Two Sigma Investments LP owned 0.11% of Alarm.com worth $3,174,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Alarm.com by 4.5% in the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker's stock valued at $16,130,000 after acquiring an additional 11,531 shares during the last quarter. KBC Group NV increased its stake in Alarm.com by 47.9% in the fourth quarter. KBC Group NV now owns 1,920 shares of the software maker's stock valued at $117,000 after purchasing an additional 622 shares during the last quarter. Barclays PLC grew its position in Alarm.com by 323.2% during the third quarter. Barclays PLC now owns 91,402 shares of the software maker's stock valued at $4,997,000 after acquiring an additional 69,804 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Alarm.com by 134.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock worth $57,000 after buying an additional 539 shares during the period. Finally, Norges Bank purchased a new stake in shares of Alarm.com in the fourth quarter worth about $34,841,000. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Alarm.com Trading Up 2.6%

NASDAQ:ALRM traded up $1.50 on Tuesday, reaching $58.82. The company's stock had a trading volume of 401,458 shares, compared to its average volume of 405,562. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The firm has a market cap of $2.93 billion, a PE ratio of 25.69, a PEG ratio of 3.59 and a beta of 1.02. The business's 50-day moving average price is $54.54 and its two-hundred day moving average price is $59.18. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $71.98.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ALRM. The Goldman Sachs Group dropped their price target on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Barclays decreased 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. Finally, Raymond James reduced their price objective 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. 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $64.33.

Insider Activity at Alarm.com

In related news, insider Daniel Ramos sold 6,890 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $60.06, for a total value of $413,813.40. Following the completion of the transaction, the insider now directly owns 38,600 shares in the company, valued at approximately $2,318,316. The trade was a 15.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steve Valenzuela sold 3,436 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,191,875. The trade was a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,334 shares of company stock valued at $2,290,118 in the last three months. Corporate insiders own 5.80% of the company's stock.

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.