Everence Capital Management Inc. Sells 2,820 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Everence Capital Management Inc. trimmed its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 38.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,510 shares of the software maker’s stock after selling 2,820 shares during the period. Everence Capital Management Inc.’s holdings in Alarm.com were worth $274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALRM. Disciplined Growth Investors Inc. MN boosted its position in shares of Alarm.com by 6.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock valued at $157,168,000 after buying an additional 163,851 shares during the period. Geneva Capital Management LLC increased its stake in Alarm.com by 0.8% in the third quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker’s stock worth $71,480,000 after purchasing an additional 10,630 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Alarm.com by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker’s stock worth $73,889,000 after purchasing an additional 42,281 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Alarm.com by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock valued at $28,513,000 after purchasing an additional 7,567 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Alarm.com by 230.6% in the third quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock worth $20,844,000 after purchasing an additional 265,936 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Stock Performance

ALRM stock opened at $59.86 on Wednesday. The firm has a 50-day simple moving average of $62.27 and a two-hundred day simple moving average of $60.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $77.29. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 4.08 and a beta of 0.98.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ALRM. Barclays upped their target price on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. restated an “underweight” rating and set a $50.00 price objective (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Jefferies Financial Group assumed coverage on Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price for the company. The Goldman Sachs Group upped their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Roth Mkm reduced their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $64.40.

Insider Buying and Selling at Alarm.com

In other news, Director Stephen C. Evans sold 2,625 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the transaction, the director now owns 5,767 shares in the company, valued at $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 sale, the chief executive officer now owns 252,682 shares of the company’s stock, valued at $17,227,858.76. This trade represents a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,976 shares of company stock worth $5,576,490 over the last three months. Corporate insiders own 5.60% of the company’s stock.

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.