Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 94.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,998 shares of the software maker's stock after selling 123,146 shares during the period. Federated Hermes Inc.'s holdings in Alarm.com were worth $452,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ALRM. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Alarm.com by 1.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,121 shares of the software maker's stock worth $1,047,000 after purchasing an additional 188 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Alarm.com by 12.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,293 shares of the software maker's stock valued at $629,000 after purchasing an additional 1,162 shares during the last quarter. Strs Ohio boosted its stake in Alarm.com by 500.0% during the 3rd quarter. Strs Ohio now owns 1,800 shares of the software maker's stock worth $110,000 after purchasing an additional 1,500 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in Alarm.com by 44.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 9,952 shares of the software maker's stock worth $608,000 after purchasing an additional 3,078 shares during the last quarter. Finally, Oak Ridge Investments LLC acquired a new position in Alarm.com in the third quarter valued at $4,310,000. 91.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Steve Valenzuela sold 832 shares of the company's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $74.58, for a total transaction of $62,050.56. Following the transaction, the chief financial officer now owns 37,500 shares of the company's stock, valued at $2,796,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Steve Valenzuela sold 832 shares of the company's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $74.58, for a total value of $62,050.56. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,796,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Kerzner sold 28,433 shares of the company's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the transaction, the insider now directly owns 57,351 shares of the company's stock, valued at approximately $4,013,422.98. The disclosure for this sale can be found here. Insiders have sold 111,532 shares of company stock worth $8,116,333 over the last three months. 5.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on ALRM shares. JPMorgan Chase & Co. increased their price objective on Alarm.com from $62.00 to $70.00 and gave the stock a "neutral" rating in a research report on Friday, February 23rd. TheStreet upgraded shares of Alarm.com from a "c+" rating to a "b-" rating in a research note on Friday, February 23rd. Barclays increased their price target on shares of Alarm.com from $66.00 to $78.00 and gave the stock an "equal weight" rating in a report on Friday, February 23rd. Finally, StockNews.com upgraded Alarm.com from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $68.83.

Alarm.com Price Performance

ALRM traded up $0.52 during trading on Friday, reaching $68.27. 244,945 shares of the stock were exchanged, compared to its average volume of 233,389. Alarm.com Holdings, Inc. has a 1 year low of $44.92 and a 1 year high of $77.29. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 44.62, a P/E/G ratio of 3.84 and a beta of 0.94. The business's 50 day moving average price is $70.64 and its two-hundred day moving average price is $63.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.46 and a quick ratio of 4.91.

Alarm.com (NASDAQ:ALRM - Get Free Report) last announced its earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. The business had revenue of $226.20 million for the quarter, compared to analyst estimates of $224.93 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The business's revenue was up 8.7% on a year-over-year basis. As a group, equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.39 earnings per share for the current year.

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.