Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Jasper Ridge Partners L.P.

Jasper Ridge Partners L.P. lowered its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 34.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,976 shares of the software maker's stock after selling 7,454 shares during the quarter. Jasper Ridge Partners L.P.'s holdings in Alarm.com were worth $850,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Alarm.com by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker's stock worth $16,130,000 after purchasing an additional 11,531 shares during the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Alarm.com during the fourth quarter valued at $259,000. KBC Group NV boosted its stake in shares of 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 purchasing an additional 622 shares during the period. Barclays PLC boosted its stake in shares of 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 purchasing an additional 69,804 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Alarm.com by 2.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker's stock worth $23,786,000 after acquiring an additional 9,935 shares during the period. Hedge funds and other institutional investors own 91.74% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ALRM. Barclays lowered their price objective on shares of 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. Raymond James cut their price objective on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a report on Friday, May 9th. Finally, The Goldman Sachs Group cut their price target on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $64.33.

Alarm.com Stock Performance

Alarm.com stock traded down $0.87 during mid-day trading on Wednesday, hitting $59.81. The company had a trading volume of 36,375 shares, compared to its average volume of 420,452. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $71.98. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 3.59 and a beta of 1.02. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The company's fifty day moving average is $54.56 and its 200-day moving average is $59.13.

Alarm.com (NASDAQ:ALRM - Get Free Report) last announced its earnings results 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 business had revenue of $242.24 million for the quarter, compared to analysts' expectations of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. Equities research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Insiders Place Their Bets

In other Alarm.com news, CEO Stephen Trundle sold 1,553 shares of Alarm.com stock in a transaction dated Wednesday, April 2nd. The stock was 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 directly owns 251,129 shares of the company's stock, valued at $13,935,148.21. The trade was a 0.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Steve Valenzuela sold 3,436 shares of Alarm.com stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total value 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 represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,921 shares of company stock valued at $338,727 in the last three months. 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.