Parkside Financial Bank & Trust Lowers Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Parkside Financial Bank & Trust reduced its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 27.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,924 shares of the software maker’s stock after selling 718 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Alarm.com were worth $124,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Operose Advisors LLC bought a new stake in shares of Alarm.com in the third quarter valued at about $26,000. Signaturefd LLC raised its holdings in shares of Alarm.com by 474.7% in the third quarter. Signaturefd LLC now owns 500 shares of the software maker’s stock valued at $31,000 after acquiring an additional 413 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Alarm.com in the fourth quarter valued at about $39,000. Strs Ohio raised its holdings in shares of Alarm.com by 500.0% in the third quarter. Strs Ohio now owns 1,800 shares of the software maker’s stock valued at $110,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Alarm.com by 8,213.3% in the third quarter. Larson Financial Group LLC now owns 2,494 shares of the software maker’s stock valued at $152,000 after acquiring an additional 2,464 shares in the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Price Performance

Shares of ALRM stock opened at $65.79 on Thursday. The stock’s 50-day simple moving average is $71.18 and its 200-day simple moving average is $63.36. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 43.00, a PEG ratio of 3.75 and a beta of 0.94. Alarm.com Holdings, Inc. has a fifty-two week low of $44.92 and a fifty-two week high of $77.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.91 and a current ratio of 5.46.

Alarm.com (NASDAQ:ALRM) last issued its earnings results on Thursday, February 22nd. The software maker reported $0.47 EPS 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 analysts’ expectations of $224.93 million. Alarm.com had a net margin of 9.19% and a return on equity of 11.61%. Alarm.com’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, equities analysts forecast that Alarm.com Holdings, Inc. will post 1.39 earnings per share for the current fiscal year.

Insider Activity at Alarm.com

In related news, insider Daniel Kerzner sold 28,433 shares of the company’s 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 sale, the insider now owns 57,351 shares in the company, valued at $4,013,422.98. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Alarm.com news, CFO Steve Valenzuela sold 7,083 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $75.34, for a total value of $533,633.22. Following the sale, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,825,250. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel Kerzner sold 28,433 shares of the company’s 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 completion of the sale, 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 a total of 111,532 shares of company stock worth $8,116,333 over the last quarter. Insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

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

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.