Schonfeld Strategic Advisors LLC Lowers Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

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

A number of other institutional investors have also added to or reduced their stakes in ALRM. Principal Financial Group Inc. grew its position in shares of Alarm.com by 4.5% during the 4th 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 period. Atomi Financial Group Inc. bought a new position in shares of Alarm.com during the 4th quarter valued at approximately $259,000. KBC Group NV grew its position in shares of Alarm.com by 47.9% during the 4th 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 period. Barclays PLC grew its position in shares of Alarm.com by 323.2% during the 3rd 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 period. Finally, Assenagon Asset Management S.A. grew its position in shares of Alarm.com by 2.6% during the 4th 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 period. 91.74% of the stock is owned by institutional investors.

Alarm.com Stock Performance

ALRM traded down $0.69 on Monday, hitting $58.95. The company's stock had a trading volume of 273,206 shares, compared to its average volume of 423,801. The company's 50 day simple moving average is $54.62 and its 200-day simple moving average is $59.30. The firm has a market cap of $2.93 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a 12 month low of $48.23 and a 12 month 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.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted 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 return on equity of 13.55% and a net margin of 13.21%. The firm had revenue of $242.24 million during the quarter, compared to analysts' expectations of $237.44 million. Analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Alarm.com news, CEO Stephen Trundle sold 3,626 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $59.51, for a total value of $215,783.26. Following the sale, the chief executive officer now directly owns 247,503 shares in the company, valued at $14,728,903.53. This represents a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 sale, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,191,875. This trade represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,511 shares of company stock worth $1,329,787 in the last three months. 5.80% of the stock is currently owned by corporate insiders.

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.