Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stake Lowered by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 2.2% during the 1st quarter, HoldingsChannel reports. The fund owned 18,256 shares of the software maker’s stock after selling 413 shares during the period. Yousif Capital Management LLC’s holdings in Alarm.com were worth $1,016,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ALRM. SBI Securities Co. Ltd. bought a new stake in Alarm.com in the fourth quarter worth $25,000. C M Bidwell & Associates Ltd. bought a new stake in Alarm.com in the fourth quarter worth $36,000. Quarry LP boosted its holdings in Alarm.com by 43.0% in the fourth quarter. Quarry LP now owns 1,008 shares of the software maker’s stock worth $61,000 after purchasing an additional 303 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in 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 in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Alarm.com by 8.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker’s stock worth $162,000 after purchasing an additional 200 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Alarm.com Stock Down 1.1%

Shares of ALRM opened at $56.32 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.01 and a current ratio of 2.14. The company has a 50-day simple moving average of $55.63 and a 200-day simple moving average of $58.85. Alarm.com Holdings, Inc. has a 52 week low of $48.23 and a 52 week high of $71.98. The firm has a market capitalization of $2.80 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.05 and a beta of 1.02.

Insider Activity at Alarm.com

In related news, CEO Stephen Trundle sold 3,644 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $56.66, for a total value of $206,469.04. Following the completion of the sale, the chief executive officer now owns 268,859 shares in the company, valued at approximately $15,233,550.94. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Kerzner sold 932 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the sale, the insider now owns 58,736 shares of the company’s stock, valued at approximately $3,259,260.64. The trade was a 1.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,898 shares of company stock worth $2,089,284. Company insiders own 5.80% of the company’s stock.

Analysts Set New Price Targets

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

Alarm.com 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.