Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC reduced its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 73.0% in the 4th quarter, Holdings Channel reports. The firm owned 4,200 shares of the software maker’s stock after selling 11,371 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Alarm.com were worth $255,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. increased its position in Alarm.com by 3.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker’s stock worth $301,000 after buying an additional 172 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Alarm.com by 8.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker’s stock valued at $162,000 after acquiring an additional 200 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Alarm.com by 1.0% in the 4th quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker’s stock valued at $1,710,000 after acquiring an additional 281 shares during the period. Quarry LP raised its position in Alarm.com by 43.0% in the 4th quarter. Quarry LP now owns 1,008 shares of the software maker’s stock valued at $61,000 after purchasing an additional 303 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Alarm.com by 0.3% during the 4th quarter. Legal & General Group Plc now owns 139,290 shares of the software maker’s stock worth $8,469,000 after purchasing an additional 401 shares during the period. 91.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Alarm.com 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 transaction, the chief executive officer now directly owns 251,129 shares in the company, 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 filing with the SEC, which can be accessed through this link. Also, CFO Steve Valenzuela sold 3,436 shares of Alarm.com stock in a transaction that occurred on Wednesday, March 12th. The shares were 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. The trade was 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 valued at $338,727 in the last three months. 5.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. The Goldman Sachs Group dropped their price objective on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Raymond James dropped their price target on Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a research report on Friday, May 9th. Finally, Barclays reduced their price objective on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.33.

Alarm.com Stock Up 1.2%

ALRM stock opened at $60.68 on Wednesday. The stock has a market capitalization of $3.02 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. The company has a fifty day moving average of $54.56 and a 200-day moving average of $59.13. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $71.98.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data 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 net margin of 13.21% and a return on equity of 13.55%. The firm had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. As a group, analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

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.