Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 71.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,500 shares of the software maker's stock after selling 128,100 shares during the quarter. Renaissance Technologies LLC owned 0.10% of Alarm.com worth $3,131,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ALRM. Daiwa Securities Group Inc. grew its position in shares of Alarm.com by 8.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker's stock valued at $162,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC raised its stake in shares of Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock worth $64,000 after buying an additional 238 shares during the period. Legal & General Group Plc raised its stake in shares of Alarm.com by 0.3% during the 4th quarter. Legal & General Group Plc now owns 139,290 shares of the software maker's stock worth $8,469,000 after buying an additional 401 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Alarm.com during the 4th quarter worth approximately $25,000. Finally, Nicolet Advisory Services LLC raised its stake in shares of Alarm.com by 8.7% during the 4th quarter. Nicolet Advisory Services LLC now owns 5,190 shares of the software maker's stock worth $309,000 after buying an additional 415 shares during the period. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Stock Up 0.1 %

ALRM stock traded up $0.05 during mid-day trading on Tuesday, reaching $53.49. The company had a trading volume of 11,830 shares, compared to its average volume of 416,926. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. The firm has a fifty day simple moving average of $55.39 and a 200 day simple moving average of $59.07. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $71.98.

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

Insiders Place Their Bets

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $2,191,875. This trade represents a 8.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen Trundle sold 1,553 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $86,175.97. Following the transaction, the chief executive officer now owns 251,129 shares of the company's stock, valued at $13,935,148.21. This trade represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,921 shares of company stock worth $338,727. 5.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ALRM shares. The Goldman Sachs Group dropped their price target on Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Barclays dropped their price target 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $61.20.

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.