Maryland State Retirement & Pension System Has $1.17 Million Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Maryland State Retirement & Pension System lessened its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,168 shares of the software maker’s stock after selling 214 shares during the period. Maryland State Retirement & Pension System’s holdings in Alarm.com were worth $1,174,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ALRM. Raymond James Financial Services Advisors Inc. boosted its position in Alarm.com by 1.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,121 shares of the software maker’s stock valued at $1,047,000 after buying an additional 188 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Alarm.com by 1.8% in the 3rd quarter. Arizona State Retirement System now owns 13,481 shares of the software maker’s stock worth $824,000 after acquiring an additional 238 shares in the last quarter. Los Angeles Capital Management LLC grew its position in Alarm.com by 1.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 14,237 shares of the software maker’s stock worth $870,000 after acquiring an additional 241 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Alarm.com by 10.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,642 shares of the software maker’s stock valued at $162,000 after purchasing an additional 250 shares during the last quarter. Finally, Cardinal Capital Management boosted its stake in Alarm.com by 2.4% in the fourth quarter. Cardinal Capital Management now owns 12,456 shares of the software maker’s stock worth $805,000 after purchasing an additional 294 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

Insider Activity

In related news, CFO Steve Valenzuela sold 1,716 shares of Alarm.com stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total transaction of $120,120.00. Following the completion of the sale, the chief financial officer now directly owns 35,784 shares of the company’s stock, valued at $2,504,880. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Stephen Trundle sold 50,000 shares of Alarm.com stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $73.80, for a total transaction of $3,690,000.00. Following the transaction, the chief executive officer now directly owns 1,289,343 shares of the company’s stock, valued at $95,153,513.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Steve Valenzuela sold 1,716 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total transaction of $120,120.00. Following the completion of the transaction, the chief financial officer now directly owns 35,784 shares of the company’s stock, valued at approximately $2,504,880. The disclosure for this sale can be found here. Insiders have sold a total of 111,532 shares of company stock valued at $8,116,333 in the last 90 days. 5.60% of the stock is owned by company insiders.

Alarm.com Stock Performance

Alarm.com stock opened at $68.61 on Thursday. The company has a market cap of $3.44 billion, a PE ratio of 44.84, a PEG ratio of 3.87 and a beta of 0.94. The company has a current ratio of 5.46, a quick ratio of 4.91 and a debt-to-equity ratio of 0.72. Alarm.com Holdings, Inc. has a 1 year low of $45.71 and a 1 year high of $77.29. The company’s 50-day moving average is $70.31 and its two-hundred day moving average is $64.04.

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 the consensus estimate of $0.48 by ($0.01). Alarm.com had a net margin of 9.19% and a return on equity of 11.61%. The business had revenue of $226.20 million during the quarter, compared to analyst estimates of $224.93 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Alarm.com from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Barclays raised their price objective on shares of Alarm.com from $66.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. StockNews.com upgraded shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. Finally, TheStreet upgraded shares of Alarm.com from a “c+” rating to a “b-” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $68.83.

Alarm.com Company 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.