Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Trust Point Inc.

Trust Point Inc. lessened its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 34.0% during the fourth quarter, HoldingsChannel reports. The firm owned 11,940 shares of the software maker’s stock after selling 6,160 shares during the period. Trust Point Inc.’s holdings in Alarm.com were worth $726,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Marshall Wace LLP acquired a new position in shares of Alarm.com during the second quarter worth $813,000. AQR Capital Management LLC increased its position in shares of Alarm.com by 36.9% during the second quarter. AQR Capital Management LLC now owns 46,182 shares of the software maker’s stock worth $2,934,000 after acquiring an additional 12,441 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Alarm.com by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 26,229 shares of the software maker’s stock worth $1,667,000 after acquiring an additional 714 shares in the last quarter. Inspire Investing LLC boosted its holdings in Alarm.com by 36.3% in the third quarter. Inspire Investing LLC now owns 7,528 shares of the software maker’s stock valued at $412,000 after purchasing an additional 2,003 shares during the last quarter. Finally, Creative Planning increased its holdings in Alarm.com by 8.6% during the 3rd quarter. Creative Planning now owns 14,314 shares of the software maker’s stock worth $783,000 after purchasing an additional 1,132 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Insider Transactions at Alarm.com

In other news, insider Daniel Kerzner sold 32,851 shares of Alarm.com stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $66.40, for a total value of $2,181,306.40. Following the transaction, the insider now owns 59,668 shares of the company’s stock, valued at $3,961,955.20. The trade was a 35.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Stephen Trundle sold 47,500 shares of Alarm.com stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the completion of the transaction, the chief executive officer now owns 252,682 shares in the company, valued at approximately $17,227,858.76. This trade represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,976 shares of company stock worth $5,576,490. Company insiders own 5.60% of the company’s stock.

Alarm.com Trading Up 1.9 %

Alarm.com stock opened at $62.47 on Wednesday. The firm has a 50-day moving average price of $63.08 and a two-hundred day moving average price of $60.09. Alarm.com Holdings, Inc. has a 52-week low of $51.87 and a 52-week high of $77.29. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 3.66 and a beta of 0.98. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42.

Wall Street Analyst Weigh In

ALRM has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, November 8th. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. Barclays lifted their target price on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Jefferies Financial Group began coverage on Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target on the stock. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $64.40.

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.