Sherbrooke Park Advisers LLC Sells 522 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Sherbrooke Park Advisers LLC lowered its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 13.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,361 shares of the software maker’s stock after selling 522 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Alarm.com were worth $204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. ProShare Advisors LLC grew its holdings in shares of Alarm.com by 41.9% during the 4th quarter. ProShare Advisors LLC now owns 14,311 shares of the software maker’s stock valued at $870,000 after purchasing an additional 4,224 shares during the last quarter. Nomura Holdings Inc. grew its holdings in shares of Alarm.com by 4.8% during the 4th quarter. Nomura Holdings Inc. now owns 297,276 shares of the software maker’s stock valued at $18,074,000 after purchasing an additional 13,647 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Alarm.com by 170.5% during the 4th quarter. Lazard Asset Management LLC now owns 65,417 shares of the software maker’s stock valued at $3,977,000 after purchasing an additional 41,231 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Alarm.com during the 4th quarter valued at $1,798,000. Finally, Janus Henderson Group PLC grew its holdings in shares of Alarm.com by 26.2% during the 4th quarter. Janus Henderson Group PLC now owns 137,174 shares of the software maker’s stock valued at $8,341,000 after purchasing an additional 28,510 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Insider Transactions at Alarm.com

In other 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 value of $200,834.20. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,191,875. This trade represents a 8.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen Trundle sold 3,626 shares of the firm’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $59.51, for a total transaction of $215,783.26. Following the completion of the sale, the chief executive officer now directly owns 247,503 shares of the company’s stock, valued at approximately $14,728,903.53. This represents a 1.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,511 shares of company stock valued at $1,329,787. Company insiders own 5.80% of the company’s stock.

Alarm.com Trading Down 0.3%

Shares of ALRM opened at $58.76 on Wednesday. The stock has a market capitalization of $2.92 billion, a P/E ratio of 25.66, a PEG ratio of 3.59 and a beta of 1.02. 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 firm has a fifty day simple moving average of $54.63 and a two-hundred day simple moving average of $59.30. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $71.98.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share 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 for the quarter, compared to analysts’ expectations of $237.44 million. On average, research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays dropped their price target 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 dropped their price target 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 dropped their price target 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.33.

Alarm.com 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.