Dynamic Technology Lab Private Ltd Cuts Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Dynamic Technology Lab Private Ltd cut its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 43.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,800 shares of the software maker’s stock after selling 9,740 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Alarm.com were worth $778,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in Alarm.com in the fourth quarter valued at approximately $34,841,000. Arrowstreet Capital Limited Partnership increased its holdings in Alarm.com by 120.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker’s stock worth $24,369,000 after acquiring an additional 219,203 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its stake in Alarm.com by 6.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock valued at $157,168,000 after acquiring an additional 163,851 shares during the period. FMR LLC lifted its holdings in Alarm.com by 129.0% during the third quarter. FMR LLC now owns 153,865 shares of the software maker’s stock valued at $8,412,000 after purchasing an additional 86,683 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Alarm.com by 323.2% in the third quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock worth $4,997,000 after purchasing an additional 69,804 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alarm.com has an average rating of “Hold” and a consensus target price of $64.40.

Alarm.com Trading Down 3.0 %

Shares of ALRM stock opened at $50.93 on Monday. 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 firm has a market cap of $2.53 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. The business has a 50-day moving average price of $59.33 and a two-hundred day moving average price of $59.44. Alarm.com Holdings, Inc. has a 12-month low of $50.44 and a 12-month high of $71.98.

Alarm.com (NASDAQ:ALRM) last issued its earnings results 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 return on equity of 13.55% and a net margin of 13.21%. The business had revenue of $242.24 million during the quarter, compared to analysts’ expectations of $237.44 million. Equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Insider Activity at Alarm.com

In other news, CEO Stephen Trundle sold 1,553 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $86,175.97. Following the completion of the transaction, the chief executive officer now directly owns 251,129 shares of the company’s stock, valued at approximately $13,935,148.21. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,191,875. This represents a 8.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,921 shares of company stock worth $338,727 in the last ninety days. 5.60% of the stock is owned by company 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.