Readystate Asset Management LP Sells 27,828,154 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Readystate Asset Management LP lowered its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 99.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 27,846 shares of the software maker’s stock after selling 27,828,154 shares during the quarter. Readystate Asset Management LP’s holdings in Alarm.com were worth $1,799,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its holdings in Alarm.com by 1.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,121 shares of the software maker’s stock valued at $1,047,000 after acquiring an additional 188 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in Alarm.com by 4.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,088 shares of the software maker’s stock valued at $329,000 after acquiring an additional 217 shares during the period. QRG Capital Management Inc. boosted its holdings in Alarm.com by 4.2% during the 4th quarter. QRG Capital Management Inc. now owns 5,681 shares of the software maker’s stock valued at $367,000 after acquiring an additional 229 shares during the period. United Capital Financial Advisers LLC boosted its holdings in Alarm.com by 3.0% during the 1st quarter. United Capital Financial Advisers LLC now owns 8,065 shares of the software maker’s stock valued at $536,000 after acquiring an additional 232 shares during the period. Finally, Arizona State Retirement System boosted its holdings in Alarm.com by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 13,481 shares of the software maker’s stock valued at $824,000 after acquiring an additional 238 shares during the period. Institutional investors own 91.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ALRM. JPMorgan Chase & Co. boosted their price objective on Alarm.com from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. StockNews.com upgraded Alarm.com from a “buy” rating to a “strong-buy” rating in a report on Friday, March 15th. Barclays upped their target price on Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Roth Mkm upped their target price on Alarm.com from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Finally, TheStreet upgraded Alarm.com from a “c+” rating to a “b-” rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $68.83.

Alarm.com Stock Down 0.7 %

Shares of ALRM traded down $0.43 during trading hours on Wednesday, hitting $64.25. The company had a trading volume of 197,244 shares, compared to its average volume of 250,836. The company’s fifty day moving average price is $71.30 and its two-hundred day moving average price is $63.20. The company has a current ratio of 5.46, a quick ratio of 4.91 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $3.21 billion, a PE ratio of 41.99, a price-to-earnings-growth ratio of 3.73 and a beta of 0.94. Alarm.com Holdings, Inc. has a one year low of $44.92 and a one year high of $77.29.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $226.20 million during the quarter, compared to analyst estimates of $224.93 million. Alarm.com had a net margin of 9.19% and a return on equity of 11.61%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. As a group, equities analysts forecast that Alarm.com Holdings, Inc. will post 1.39 earnings per share for the current fiscal year.

Insider Transactions at Alarm.com

In other news, insider Daniel Kerzner sold 28,433 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $69.98, for a total value of $1,989,741.34. Following the sale, the insider now owns 57,351 shares in the company, valued at $4,013,422.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Alarm.com news, insider Daniel Ramos sold 1,418 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total transaction of $99,260.00. Following the transaction, the insider now owns 38,282 shares in the company, valued at $2,679,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Kerzner sold 28,433 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $69.98, for a total value of $1,989,741.34. Following the transaction, the insider now owns 57,351 shares in the company, valued at approximately $4,013,422.98. The disclosure for this sale can be found here. Insiders have sold 111,532 shares of company stock worth $8,116,333 over the last quarter. 5.60% of the stock is currently owned by insiders.

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.