Teachers Retirement System of The State of Kentucky Has $883,000 Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRMFree Report) by 57.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,149 shares of the software maker’s stock after selling 21,501 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Alarm.com were worth $883,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ALRM. Centaurus Financial Inc. lifted its holdings in Alarm.com by 3.7% during the 3rd quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker’s stock worth $12,937,000 after buying an additional 8,456 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Alarm.com by 312.9% during the second quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker’s stock valued at $1,399,000 after acquiring an additional 16,625 shares during the period. MQS Management LLC bought a new position in Alarm.com in the second quarter valued at about $599,000. Squarepoint Ops LLC increased its position in Alarm.com by 630.1% in the second quarter. Squarepoint Ops LLC now owns 97,847 shares of the software maker’s stock worth $6,217,000 after purchasing an additional 84,445 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Alarm.com by 369.7% during the 3rd quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker’s stock worth $3,802,000 after purchasing an additional 54,738 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

Insider Transactions at Alarm.com

In other news, insider Daniel Kerzner sold 32,851 shares of the stock in a transaction 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 sale, the insider now owns 59,668 shares of the company’s stock, valued at $3,961,955.20. This represents a 35.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen Trundle sold 47,500 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 252,682 shares in the company, valued at approximately $17,227,858.76. The trade was a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,976 shares of company stock valued at $5,576,490 over the last 90 days. 5.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price on the stock. The Goldman Sachs Group lifted their target price on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Barclays raised their price target on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Roth Mkm cut their target price on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. One research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $64.40.

Read Our Latest Stock Analysis on Alarm.com

Alarm.com Stock Performance

Shares of Alarm.com stock opened at $64.54 on Thursday. Alarm.com Holdings, Inc. has a 12 month low of $51.87 and a 12 month high of $77.29. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $3.19 billion, a PE ratio of 27.94, a PEG ratio of 4.08 and a beta of 0.97. The stock’s fifty day simple moving average is $59.96 and its 200 day simple moving average is $60.67.

Alarm.com Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alarm.com (NASDAQ:ALRM)

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