Los Angeles Capital Management LLC Sells 2,240 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Los Angeles Capital Management LLC trimmed its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 20.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,843 shares of the software maker’s stock after selling 2,240 shares during the period. Los Angeles Capital Management LLC’s holdings in Alarm.com were worth $538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALRM. Disciplined Growth Investors Inc. MN increased its position in shares of Alarm.com by 6.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock valued at $157,168,000 after purchasing an additional 163,851 shares during the period. Geneva Capital Management LLC raised its stake in shares of Alarm.com by 0.8% in the 3rd quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker’s stock valued at $71,480,000 after buying an additional 10,630 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Alarm.com by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock valued at $28,513,000 after buying an additional 7,567 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Alarm.com by 2.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker’s stock worth $23,786,000 after acquiring an additional 9,935 shares during the period. Finally, DF Dent & Co. Inc. boosted its position in shares of Alarm.com by 23.3% during the 3rd quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker’s stock valued at $19,648,000 after acquiring an additional 67,824 shares in the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on ALRM. The Goldman Sachs Group raised their price target on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. 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. Finally, Barclays increased their target price on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.40.

Insider Activity

In other news, CEO Stephen Trundle sold 47,500 shares of Alarm.com stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the completion of the sale, the chief executive officer now owns 252,682 shares in the company, valued at $17,227,858.76. The trade was a 15.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Kerzner sold 32,851 shares of the 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. This represents a 35.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Alarm.com Stock Up 0.4 %

Shares of NASDAQ ALRM opened at $58.32 on Tuesday. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $76.34. The firm’s 50-day simple moving average is $61.23 and its 200 day simple moving average is $59.49. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 3.59 and a beta of 0.98.

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

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.