Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 68.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the software maker’s stock after selling 65,300 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.06% of Alarm.com worth $2,174,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ALRM. Norges Bank acquired a new stake in shares of Alarm.com in the fourth quarter worth $33,277,000. Assenagon Asset Management S.A. increased its stake in shares of Alarm.com by 383.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 165,031 shares of the software maker’s stock worth $10,664,000 after acquiring an additional 130,901 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Alarm.com in the fourth quarter worth $65,980,000. Acadian Asset Management LLC increased its stake in shares of Alarm.com by 267.6% in the first quarter. Acadian Asset Management LLC now owns 108,882 shares of the software maker’s stock worth $7,881,000 after acquiring an additional 79,265 shares during the period. Finally, Great Lakes Advisors LLC acquired a new stake in Alarm.com during the fourth quarter valued at $4,131,000. Institutional investors and hedge funds own 91.74% of the company’s stock.

Alarm.com Price Performance

ALRM traded up $1.65 during midday trading on Thursday, hitting $68.74. 428,565 shares of the company traded hands, compared to its average volume of 351,571. The company has a current ratio of 5.51, a quick ratio of 5.03 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 40.22, a PEG ratio of 3.40 and a beta of 0.92. Alarm.com Holdings, Inc. has a 52-week low of $48.61 and a 52-week high of $77.29. The business has a 50 day simple moving average of $64.94 and a two-hundred day simple moving average of $67.01.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, May 9th. The software maker reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The business had revenue of $223.28 million for the quarter, compared to the consensus estimate of $218.32 million. Alarm.com had a net margin of 10.08% and a return on equity of 12.14%. On average, equities analysts forecast that Alarm.com Holdings, Inc. will post 1.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on ALRM shares. William Blair upgraded shares of Alarm.com to a “hold” rating in a research report on Thursday, May 9th. StockNews.com lowered shares of Alarm.com from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 18th. Finally, Barclays dropped their price target on shares of Alarm.com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 11th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Alarm.com has an average rating of “Moderate Buy” and a consensus target price of $67.83.

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.