Schonfeld Strategic Advisors LLC Sells 11,371 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Schonfeld Strategic Advisors LLC lessened its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 73.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,200 shares of the software maker's stock after selling 11,371 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Alarm.com were worth $255,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Alarm.com in the fourth quarter valued at approximately $34,841,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Alarm.com in the fourth quarter valued at approximately $27,506,000. Arrowstreet Capital Limited Partnership raised its position in shares of Alarm.com by 120.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker's stock valued at $24,369,000 after purchasing an additional 219,203 shares during the period. Barclays PLC raised its position in shares of Alarm.com by 323.2% in 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, Vanguard Group Inc. raised its position in shares of Alarm.com by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker's stock valued at $383,091,000 after purchasing an additional 68,907 shares during the period. Institutional investors own 91.74% of the company's stock.

Alarm.com Stock Performance

ALRM traded up $0.93 during trading on Friday, reaching $59.64. 534,327 shares of the company's stock were exchanged, compared to its average volume of 423,755. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two 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. The business has a 50 day moving average price of $54.62 and a 200 day moving average price of $59.19. The company has a market capitalization of $2.97 billion, a P/E ratio of 26.04, a PEG ratio of 3.59 and a beta of 1.02.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its earnings results on Thursday, February 20th. The software maker reported $0.47 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 firm had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. As a group, analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Stephen Trundle sold 1,553 shares of the business'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 $86,175.97. Following the sale, the chief executive officer now owns 251,129 shares in the company, valued at approximately $13,935,148.21. The trade was a 0.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 $2,191,875. This represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,511 shares of company stock worth $1,329,787. Corporate insiders own 5.80% of the company's stock.

Analysts Set New Price Targets

ALRM has been the topic of several research analyst reports. Raymond James lowered 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 research note on Friday, May 9th. Barclays lowered 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 lowered their price objective on shares of 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 analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Alarm.com currently has an average rating of "Moderate Buy" and a consensus target price of $64.33.

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.