Parkside Financial Bank & Trust Cuts Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Parkside Financial Bank & Trust lessened its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 27.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,924 shares of the software maker’s stock after selling 718 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Alarm.com were worth $124,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Alarm.com by 18,200.6% during the third quarter. FMR LLC now owns 312,391 shares of the software maker’s stock worth $19,100,000 after buying an additional 310,684 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Alarm.com during the 3rd quarter valued at approximately $14,285,000. Evanson Asset Management LLC lifted its position in shares of Alarm.com by 249.4% during the 3rd quarter. Evanson Asset Management LLC now owns 194,525 shares of the software maker’s stock valued at $11,893,000 after acquiring an additional 138,850 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Alarm.com by 383.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 165,031 shares of the software maker’s stock valued at $10,664,000 after acquiring an additional 130,901 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Alarm.com during the 4th quarter valued at approximately $65,980,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Stock Down 0.5 %

ALRM stock opened at $65.79 on Thursday. The stock has a market capitalization of $3.29 billion, a P/E ratio of 43.00, a PEG ratio of 3.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.91 and a current ratio of 5.46. Alarm.com Holdings, Inc. has a one year low of $44.92 and a one year high of $77.29. The company has a 50 day moving average price of $71.18 and a two-hundred day moving average price of $63.36.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, February 22nd. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $226.20 million during the quarter, compared to analysts’ expectations of $224.93 million. Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 earnings per share. As a group, sell-side analysts expect that Alarm.com Holdings, Inc. will post 1.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. raised their price objective on shares of Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. TheStreet raised shares of Alarm.com from a “c+” rating to a “b-” rating in a research note on Friday, February 23rd. Roth Mkm raised their price objective on shares of Alarm.com from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Finally, StockNews.com raised shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Alarm.com has an average rating of “Buy” and a consensus target price of $68.83.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, insider Daniel Kerzner sold 28,433 shares of Alarm.com stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $69.98, for a total value of $1,989,741.34. Following the transaction, the insider now owns 57,351 shares in the company, valued at approximately $4,013,422.98. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Alarm.com news, CEO Stephen Trundle sold 50,000 shares of Alarm.com stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $73.80, for a total value of $3,690,000.00. Following the transaction, the chief executive officer now owns 1,289,343 shares in the company, valued at approximately $95,153,513.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel Kerzner sold 28,433 shares of Alarm.com stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the completion of the transaction, the insider now owns 57,351 shares in the company, valued at approximately $4,013,422.98. The disclosure for this sale can be found here. Insiders have sold a total of 111,532 shares of company stock worth $8,116,333 in the last quarter. 5.60% of the stock is owned by insiders.

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.