Gotham Asset Management LLC Decreases Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Gotham Asset Management LLC lowered its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,548 shares of the software maker’s stock after selling 4,903 shares during the quarter. Gotham Asset Management LLC owned approximately 0.08% of Alarm.com worth $2,344,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ALRM. SBI Securities Co. Ltd. purchased a new position in shares of Alarm.com in the 4th quarter valued at about $25,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Alarm.com in the 4th quarter valued at about $36,000. Nisa Investment Advisors LLC increased its holdings in shares of Alarm.com by 134.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after acquiring an additional 539 shares during the last quarter. Quarry LP increased its holdings in shares of Alarm.com by 43.0% in the 4th quarter. Quarry LP now owns 1,008 shares of the software maker’s stock valued at $61,000 after acquiring an additional 303 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Alarm.com by 305.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock worth $63,000 after buying an additional 779 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ALRM. Barclays reduced 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 report on Monday, April 14th. Raymond James reduced 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 research report on Friday, May 9th. Finally, The Goldman Sachs Group reduced their price objective on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating for the company in a research 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.33.

Alarm.com Stock Down 2.1%

ALRM stock opened at $58.71 on Friday. The company has a fifty day moving average price of $54.59 and a 200 day moving average price of $59.16. 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 cap of $2.92 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38.

Alarm.com (NASDAQ:ALRM) last released its quarterly 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 business had revenue of $242.24 million during the quarter, compared to analysts’ expectations of $237.44 million. Sell-side analysts expect that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Insiders Place Their Bets

In other Alarm.com news, CFO Steve Valenzuela sold 3,436 shares of the company’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 completion of the transaction, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,191,875. This represents a 8.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen Trundle sold 1,553 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was 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 approximately $13,935,148.21. The trade was a 0.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,921 shares of company stock worth $338,727. 5.80% of the stock is owned by 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.