Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC cut its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,548 shares of the software maker's stock after selling 4,903 shares during the quarter. Gotham Asset Management LLC owned about 0.08% of Alarm.com worth $2,344,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Graham Capital Management L.P. lifted its stake in shares of Alarm.com by 63.2% in the 4th quarter. Graham Capital Management L.P. now owns 47,377 shares of the software maker's stock worth $2,881,000 after acquiring an additional 18,354 shares during the period. Deutsche Bank AG increased its position in Alarm.com by 6.2% during the 4th quarter. Deutsche Bank AG now owns 392,711 shares of the software maker's stock worth $23,877,000 after purchasing an additional 22,831 shares during the period. EP Wealth Advisors LLC acquired a new position in Alarm.com during the 4th quarter worth approximately $205,000. Algert Global LLC lifted its holdings in shares of Alarm.com by 30.7% in the 4th quarter. Algert Global LLC now owns 245,270 shares of the software maker's stock valued at $14,912,000 after buying an additional 57,664 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Alarm.com in the fourth quarter valued at approximately $8,156,000. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Price Performance

Shares of NASDAQ ALRM traded down $0.69 on Monday, hitting $58.95. The company's stock had a trading volume of 273,206 shares, compared to its average volume of 423,801. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $71.98. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The stock has a 50 day moving average of $54.62 and a 200-day moving average of $59.26. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The firm had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. As a group, research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Analyst Ratings Changes

ALRM has been the subject of a number of recent analyst reports. Raymond James reduced their target price on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a report on Friday, May 9th. The Goldman Sachs Group lowered their target price on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Finally, Barclays reduced their price target 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. One investment 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.33.

Insider Activity at Alarm.com

In related news, CEO Stephen Trundle sold 1,553 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $86,175.97. Following the completion of the transaction, the chief executive officer now owns 251,129 shares of the company's stock, valued at approximately $13,935,148.21. This represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel Ramos sold 6,890 shares of Alarm.com stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $60.06, for a total transaction of $413,813.40. Following the completion of the transaction, the insider now owns 38,600 shares in the company, valued at approximately $2,318,316. This trade represents a 15.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,511 shares of company stock worth $1,329,787. 5.80% of the stock is currently owned by insiders.

Alarm.com 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.