Larson Financial Group LLC Decreases Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Larson Financial Group LLC decreased its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,229 shares of the software maker’s stock after selling 265 shares during the quarter. Larson Financial Group LLC’s holdings in Alarm.com were worth $144,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Alarm.com by 1.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,121 shares of the software maker’s stock valued at $1,047,000 after purchasing an additional 188 shares during the period. Arizona State Retirement System increased its holdings in shares of Alarm.com by 1.8% in the third quarter. Arizona State Retirement System now owns 13,481 shares of the software maker’s stock valued at $824,000 after purchasing an additional 238 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of Alarm.com by 1.7% in the third quarter. Los Angeles Capital Management LLC now owns 14,237 shares of the software maker’s stock valued at $870,000 after purchasing an additional 241 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Alarm.com by 10.5% in the third quarter. Parkside Financial Bank & Trust now owns 2,642 shares of the software maker’s stock valued at $162,000 after purchasing an additional 250 shares during the period. Finally, Cardinal Capital Management increased its holdings in shares of Alarm.com by 2.4% in the fourth quarter. Cardinal Capital Management now owns 12,456 shares of the software maker’s stock valued at $805,000 after purchasing an additional 294 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Trading Down 0.5 %

Shares of ALRM stock opened at $65.79 on Thursday. The business’s fifty day moving average price is $71.18 and its 200 day moving average price is $63.36. Alarm.com Holdings, Inc. has a 1-year low of $44.92 and a 1-year high of $77.29. The firm has a market capitalization of $3.29 billion, a PE ratio of 43.00, a P/E/G ratio of 3.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.46 and a quick ratio of 4.91.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share 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 analyst estimates of $224.93 million. Alarm.com had a net margin of 9.19% and a return on equity of 11.61%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. As a group, sell-side analysts forecast that Alarm.com Holdings, Inc. will post 1.39 EPS for the current fiscal year.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 1,418 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $99,260.00. Following the sale, the insider now owns 38,282 shares of the company’s stock, valued at $2,679,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Daniel Ramos sold 1,418 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $99,260.00. Following the sale, the insider now directly owns 38,282 shares in the company, valued at $2,679,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen Trundle sold 50,000 shares of the company’s 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 completion of the sale, the chief executive officer now owns 1,289,343 shares in the company, valued at $95,153,513.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 111,532 shares of company stock valued at $8,116,333. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ALRM. JPMorgan Chase & Co. boosted their target price on Alarm.com from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. TheStreet raised Alarm.com from a “c+” rating to a “b-” rating in a report on Friday, February 23rd. Roth Mkm upped their price objective on Alarm.com from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Barclays upped their price objective on Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Finally, StockNews.com raised Alarm.com from a “buy” rating to a “strong-buy” rating in a report on Friday, March 15th. Two equities 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. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $68.83.

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.