Handelsbanken Fonder AB Has $18.42 Million Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Handelsbanken Fonder AB lessened its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 18.9% during the 4th quarter, HoldingsChannel reports. The firm owned 302,900 shares of the software maker’s stock after selling 70,700 shares during the quarter. Handelsbanken Fonder AB’s holdings in Alarm.com were worth $18,416,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALRM. Quarry LP boosted its position in shares of Alarm.com by 291.7% in the third quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after acquiring an additional 525 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Alarm.com by 134.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after acquiring an additional 539 shares during the period. Huntington National Bank boosted its position in shares of Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after acquiring an additional 367 shares during the period. GAMMA Investing LLC boosted its position in shares of Alarm.com by 29.5% in the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after acquiring an additional 238 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of Alarm.com by 50.1% in the fourth quarter. Pacer Advisors Inc. now owns 1,888 shares of the software maker’s stock valued at $115,000 after acquiring an additional 630 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, insider Daniel Kerzner sold 32,851 shares of Alarm.com stock in a transaction on Friday, December 13th. The stock was sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the completion of the transaction, the insider now directly owns 59,668 shares of the company’s stock, valued at approximately $3,961,955.20. This trade represents a 35.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen Trundle sold 47,500 shares of Alarm.com stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total value of $3,238,550.00. Following the transaction, the chief executive officer now directly owns 252,682 shares of the company’s stock, valued at approximately $17,227,858.76. The trade was a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group increased their price objective on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Barclays increased their price objective on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Jefferies Financial Group assumed coverage on Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price for the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 target price (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Finally, StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Alarm.com has a consensus rating of “Hold” and a consensus target price of $64.40.

Alarm.com Stock Down 1.7 %

Shares of ALRM stock opened at $59.55 on Friday. The stock has a market cap of $2.94 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 3.66 and a beta of 0.98. The stock has a fifty day moving average price of $61.91 and a 200 day moving average price of $59.65. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $77.29. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The company had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a net margin of 13.54% and a return on equity of 13.78%. Analysts predict that Alarm.com Holdings, Inc. will post 1.65 earnings per share for the current year.

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.