New York State Common Retirement Fund Trims Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

New York State Common Retirement Fund cut its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 620,312 shares of the software maker’s stock after selling 698 shares during the period. New York State Common Retirement Fund owned approximately 1.25% of Alarm.com worth $37,715,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quarry LP raised its stake in Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker’s stock worth $39,000 after purchasing an additional 525 shares during the period. Nisa Investment Advisors LLC raised its stake in Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after purchasing an additional 539 shares during the period. Huntington National Bank raised its stake in Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after purchasing an additional 367 shares during the period. GAMMA Investing LLC increased its position in shares of Alarm.com by 29.5% during the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after acquiring an additional 238 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Alarm.com by 50.1% during the fourth quarter. Pacer Advisors Inc. now owns 1,888 shares of the software maker’s stock valued at $115,000 after acquiring an additional 630 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Trading Down 0.3 %

Shares of ALRM stock opened at $60.53 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. The stock has a market capitalization of $2.99 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 3.71 and a beta of 0.98. The company has a 50 day moving average price of $62.06 and a 200 day moving average price of $59.68. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $77.29.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Alarm.com had a net margin of 13.54% and a return on equity of 13.78%. Equities research analysts predict that Alarm.com Holdings, Inc. will post 1.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alarm.com news, insider Daniel Kerzner sold 32,851 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the completion of the transaction, the insider now owns 59,668 shares in the company, valued at $3,961,955.20. The trade was a 35.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen Trundle sold 47,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the transaction, the chief executive officer now owns 252,682 shares of the company’s stock, valued at $17,227,858.76. This trade represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ALRM shares. Jefferies Financial Group started coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 price target (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. The Goldman Sachs Group lifted their price target on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Barclays lifted their price target on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alarm.com has a consensus rating of “Hold” and a consensus target price of $64.40.

About Alarm.com

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.