Motley Fool Wealth Management LLC Cuts Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Motley Fool Wealth Management LLC lowered its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 5.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 247,116 shares of the software maker’s stock after selling 15,284 shares during the period. Motley Fool Wealth Management LLC’s holdings in Alarm.com were worth $15,011,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Disciplined Growth Investors Inc. MN grew its stake in Alarm.com by 6.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock valued at $157,168,000 after acquiring an additional 163,851 shares during the period. FMR LLC grew its position in shares of Alarm.com by 129.0% in the third quarter. FMR LLC now owns 153,865 shares of the software maker’s stock valued at $8,412,000 after purchasing an additional 86,683 shares during the period. Barclays PLC raised 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 worth $4,997,000 after purchasing an additional 69,804 shares during the last quarter. Vanguard Group Inc. lifted its stake in Alarm.com by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker’s stock valued at $383,091,000 after buying an additional 68,907 shares in the last quarter. Finally, DF Dent & Co. Inc. boosted its holdings in Alarm.com by 23.3% in the 3rd quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker’s stock worth $19,648,000 after buying an additional 67,824 shares during the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alarm.com

In related news, CFO Steve Valenzuela sold 3,436 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. This represents a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Stock Up 0.5 %

ALRM stock opened at $57.69 on Wednesday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 3.59 and a beta of 1.10. The firm has a 50-day moving average of $60.35 and a two-hundred day moving average of $59.39. Alarm.com Holdings, Inc. has a 12 month low of $51.87 and a 12 month high of $74.25. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The company had revenue of $242.24 million for the quarter, compared to analysts’ expectations of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. As a group, analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

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.