Atria Investments Inc Reduces Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Atria Investments Inc trimmed its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,784 shares of the software maker’s stock after selling 856 shares during the quarter. Atria Investments Inc’s holdings in Alarm.com were worth $352,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Victory Capital Management Inc. lifted its holdings in Alarm.com by 27.1% during the fourth quarter. Victory Capital Management Inc. now owns 88,393 shares of the software maker’s stock worth $5,374,000 after buying an additional 18,848 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Alarm.com by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker’s stock valued at $32,247,000 after purchasing an additional 8,840 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Alarm.com in the 4th quarter valued at $25,000. Smartleaf Asset Management LLC raised its stake in shares of Alarm.com by 305.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock worth $63,000 after purchasing an additional 779 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Alarm.com by 9.4% during the 4th quarter. Fisher Asset Management LLC now owns 254,216 shares of the software maker’s stock valued at $15,456,000 after acquiring an additional 21,792 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Insider Buying and Selling at Alarm.com

In related news, CFO Steve Valenzuela sold 3,436 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,191,875. This trade represents a 8.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Alarm.com Stock Up 0.8 %

NASDAQ ALRM opened at $58.49 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. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $74.97. The business’s fifty day simple moving average is $60.68 and its 200-day simple moving average is $59.42. The firm has a market cap of $2.90 billion, a PE ratio of 25.54, a P/E/G ratio of 3.59 and a beta of 1.10.

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 firm had revenue of $242.24 million for the quarter, compared to analysts’ expectations of $237.44 million. As a group, equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.40.

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.