Evanson Asset Management LLC Cuts Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Evanson Asset Management LLC lowered its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 210,086 shares of the software maker’s stock after selling 4,039 shares during the quarter. Alarm.com accounts for 0.9% of Evanson Asset Management LLC’s holdings, making the stock its 23rd largest position. Evanson Asset Management LLC’s holdings in Alarm.com were worth $12,773,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALRM. Oakworth Capital Inc. purchased a new position in shares of Alarm.com in the third quarter valued at $38,000. Quarry LP increased its holdings in shares of Alarm.com by 291.7% in 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. Huntington National Bank raised 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 valued at $58,000 after buying an additional 367 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Alarm.com by 29.5% in the 4th 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, Point72 DIFC Ltd grew its position in Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after acquiring an additional 1,101 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

ALRM has been the topic of a number of analyst reports. Barclays boosted their price objective 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. Roth Mkm reduced their price objective on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Finally, The Goldman Sachs Group boosted their price objective on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Alarm.com presently has an average rating of “Hold” and a consensus target price of $64.40.

Alarm.com Stock Down 0.0 %

Shares of NASDAQ ALRM opened at $61.36 on Monday. Alarm.com Holdings, Inc. has a 52-week low of $51.87 and a 52-week high of $77.29. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 3.59 and a beta of 0.98. The stock has a 50 day moving average price of $62.97 and a 200 day moving average price of $60.48. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66.

Insider Buying and Selling at Alarm.com

In related 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 value of $2,181,306.40. Following the completion of the transaction, the insider now owns 59,668 shares of the company’s stock, valued at $3,961,955.20. The trade was a 35.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen C. Evans sold 2,625 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the sale, the director now owns 5,767 shares of the company’s stock, valued at approximately $344,116.89. This represents a 31.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,976 shares of company stock valued at $5,576,490 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

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.