Invesco Ltd. Reduces Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Invesco Ltd. reduced its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 191,067 shares of the software maker's stock after selling 9,340 shares during the quarter. Invesco Ltd. owned 0.39% of Alarm.com worth $11,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in Alarm.com by 4.5% during the fourth 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. Atomi Financial Group Inc. purchased a new stake in Alarm.com during the fourth quarter valued at $259,000. KBC Group NV increased its position in Alarm.com by 47.9% during the fourth quarter. KBC Group NV now owns 1,920 shares of the software maker's stock valued at $117,000 after acquiring an additional 622 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Alarm.com by 2.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker's stock valued at $23,786,000 after acquiring an additional 9,935 shares during the last quarter. Finally, Barclays PLC increased 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 last quarter. 91.74% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Daniel Kerzner sold 932 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the transaction, the insider now directly owns 58,736 shares of the company's stock, valued at approximately $3,259,260.64. This trade represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Steve Valenzuela sold 3,436 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total transaction of $200,834.20. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares of the company's stock, valued at approximately $2,191,875. This trade represents a 8.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,921 shares of company stock worth $338,727 over the last quarter. Insiders own 5.60% of the company's stock.

Alarm.com Stock Performance

NASDAQ ALRM traded up $0.40 on Monday, reaching $53.44. 244,273 shares of the stock were exchanged, compared to its average volume of 418,515. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $71.98. The firm has a market capitalization of $2.66 billion, a PE ratio of 23.34, a PEG ratio of 3.59 and a beta of 1.03. The company's 50-day simple moving average is $55.39 and its two-hundred day simple moving average is $59.07. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). The firm had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ALRM has been the subject of a number of research reports. Barclays reduced their price objective on 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. The Goldman Sachs Group decreased their price objective 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $61.20.

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.