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

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

Several other institutional investors also recently made changes to their positions in ALRM. Marshall Wace LLP purchased a new position in Alarm.com in the second quarter valued at about $813,000. AQR Capital Management LLC increased its stake in Alarm.com by 36.9% in the 2nd quarter. AQR Capital Management LLC now owns 46,182 shares of the software maker’s stock valued at $2,934,000 after purchasing an additional 12,441 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Alarm.com by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 26,229 shares of the software maker’s stock worth $1,667,000 after purchasing an additional 714 shares during the last quarter. Inspire Investing LLC boosted its position in Alarm.com by 36.3% during the third quarter. Inspire Investing LLC now owns 7,528 shares of the software maker’s stock worth $412,000 after purchasing an additional 2,003 shares in the last quarter. Finally, Creative Planning grew its holdings in Alarm.com by 8.6% in the third quarter. Creative Planning now owns 14,314 shares of the software maker’s stock valued at $783,000 after purchasing an additional 1,132 shares during the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alarm.com

In related news, Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the transaction, the director now owns 5,767 shares in the company, valued at approximately $344,116.89. This trade represents a 31.28 % 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 the SEC website. Also, CEO Stephen Trundle sold 47,500 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 252,682 shares of the company’s stock, 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. Insiders have sold a total of 82,976 shares of company stock worth $5,576,490 in the last quarter. 5.60% of the stock is owned by insiders.

Alarm.com Price Performance

ALRM opened at $62.47 on Wednesday. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $77.29. The company’s 50 day simple moving average is $63.08 and its 200 day simple moving average is $60.09. The stock has a market capitalization of $3.09 billion, a PE ratio of 27.04, a P/E/G ratio of 3.66 and a beta of 0.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66.

Analyst Ratings Changes

Several research firms have recently issued reports on ALRM. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Roth Mkm cut their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Jefferies Financial Group started coverage on Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price on the stock. The Goldman Sachs Group raised their price target on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Barclays upped 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Alarm.com presently has a consensus rating of “Hold” and an average target price 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.