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

New York State Common Retirement Fund lessened its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 620,312 shares of the software maker’s stock after selling 698 shares during the quarter. New York State Common Retirement Fund’s holdings in Alarm.com were worth $37,715,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ALRM. Quarry LP lifted its position in shares of Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock worth $39,000 after buying an additional 525 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after buying an additional 539 shares during the last quarter. Huntington National Bank lifted its position in shares of Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after buying an additional 367 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after buying an additional 238 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Alarm.com by 50.1% during the 4th quarter. Pacer Advisors Inc. now owns 1,888 shares of the software maker’s stock worth $115,000 after buying an additional 630 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, insider Daniel Kerzner sold 32,851 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $66.40, for a total value of $2,181,306.40. Following the transaction, the insider now directly owns 59,668 shares in the company, valued at approximately $3,961,955.20. This represents a 35.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen Trundle sold 47,500 shares of the stock in a transaction dated 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 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. 5.60% of the stock is owned by insiders.

Alarm.com Price Performance

Shares of NASDAQ ALRM opened at $60.53 on Friday. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 3.71 and a beta of 0.98. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $77.29. The company’s 50-day moving average price is $62.06 and its 200 day moving average price is $59.68. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42.

Alarm.com (NASDAQ:ALRM) last issued 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). Alarm.com had a net margin of 13.54% and a return on equity of 13.78%. As a group, research analysts forecast that Alarm.com Holdings, Inc. will post 1.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on ALRM shares. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. The Goldman Sachs Group upped 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. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. Barclays upped 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, Jefferies Financial Group started coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Alarm.com presently has an average rating of “Hold” and an average price target of $64.40.

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.