Gotham Asset Management LLC Cuts Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

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

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of Alarm.com in the fourth quarter valued at $25,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Alarm.com during the 4th quarter valued at about $36,000. Nisa Investment Advisors LLC increased its stake in shares of Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock worth $57,000 after purchasing an additional 539 shares during the last quarter. Quarry LP raised its holdings in Alarm.com by 43.0% during the fourth quarter. Quarry LP now owns 1,008 shares of the software maker's stock valued at $61,000 after buying an additional 303 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Alarm.com by 305.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock valued at $63,000 after acquiring an additional 779 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Price Performance

Shares of NASDAQ:ALRM traded down $0.57 during trading on Wednesday, reaching $58.20. 29,053 shares of the company traded hands, compared to its average volume of 422,255. The firm has a market capitalization of $2.89 billion, a PE ratio of 25.41, a PEG ratio of 3.59 and a beta of 1.02. The company's 50 day moving average is $54.63 and its two-hundred day moving average is $59.30. Alarm.com Holdings, Inc. has a 52 week low of $48.23 and a 52 week high of $71.98. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35.

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

Wall Street Analyst Weigh In

ALRM has been the subject of a number of research reports. Raymond James 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 report on Friday, May 9th. Barclays decreased their price objective on shares of 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. Finally, The Goldman Sachs Group reduced their price target 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Alarm.com currently has a consensus rating of "Moderate Buy" and an average price target of $64.33.

Insider Activity

In other Alarm.com news, insider Daniel Kerzner sold 932 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the sale, the insider now directly owns 58,736 shares of the company's stock, valued at approximately $3,259,260.64. The trade was a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen Trundle sold 1,553 shares of the firm'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 value of $86,175.97. Following the completion of the transaction, the chief executive officer now owns 251,129 shares in the company, valued at $13,935,148.21. This represents a 0.61% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,511 shares of company stock worth $1,329,787. Company insiders own 5.80% of the company's stock.

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.