Trading Report: The California Public Employees Retirement System decreases its position in Alarm.com Holdings Inc. (ALRM)

The California Public Employees Retirement System decreases its position in Alarm.com Holdings Inc. (ALRM)

California Public Employees Retirement System reduced its stake in shares of Alarm.com Holdings Inc. (NASDAQ:ALRM) by 3.3% during the second quarter, Holdings Channel reports. The fund owned 17,500 shares of the company’s stock after selling 600 shares during the period. California Public Employees Retirement System’s holdings in Alarm.com Holdings were worth $448,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in Alarm.com Holdings during the second quarter valued at approximately $165,000. SG Americas Securities LLC purchased a new stake in Alarm.com Holdings during the second quarter valued at approximately $244,000. Societe Generale purchased a new stake in Alarm.com Holdings during the second quarter valued at approximately $244,000. Swiss National Bank purchased a new stake in Alarm.com Holdings during the second quarter valued at approximately $402,000. Finally, California State Teachers Retirement System boosted its stake in Alarm.com Holdings by 25.4% in the second quarter. California State Teachers Retirement System now owns 21,631 shares of the company’s stock valued at $554,000 after buying an additional 4,376 shares during the last quarter. Hedge funds and other institutional investors own 61.49% of the company’s stock.

Alarm.com Holdings Inc. (NASDAQ:ALRM) traded up 1.38% on Friday, hitting $29.29. The company had a trading volume of 86,609 shares. Alarm.com Holdings Inc. has a one year low of $12.60 and a one year high of $33.13. The stock has a 50 day moving average of $28.12 and a 200-day moving average of $25.91. The stock has a market capitalization of $1.34 billion, a PE ratio of 124.11 and a beta of 1.91.

Alarm.com Holdings (NASDAQ:ALRM) last released its earnings results on Monday, August 15th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. Alarm.com Holdings had a negative return on equity of 18.64% and a net margin of 4.74%. The business earned $64.42 million during the quarter, compared to analysts’ expectations of $58.61 million. During the same quarter last year, the firm posted $0.05 earnings per share. The firm’s revenue was up 24.0% on a year-over-year basis. Equities analysts anticipate that Alarm.com Holdings Inc. will post $0.50 EPS for the current year.

Several equities research analysts have commented on the company. Credit Suisse Group AG restated an “outperform” rating and issued a $28.00 target price on shares of Alarm.com Holdings in a research note on Monday, August 15th. First Analysis assumed coverage on Alarm.com Holdings in a research note on Thursday, July 7th. They issued an “overweight” rating and a $32.00 target price on the stock. Raymond James Financial Inc. cut Alarm.com Holdings from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 16th. Imperial Capital boosted their target price on Alarm.com Holdings from $24.50 to $30.00 and gave the company an “in-line” rating in a research note on Tuesday, August 16th. Finally, Zacks Investment Research cut Alarm.com Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $28.05.

In related news, insider Jean-Paul Martin sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $29.04, for a total transaction of $1,452,000.00. Following the completion of the sale, the insider now owns 172,904 shares of the company’s stock, valued at $5,021,132.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Hutz sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $29.85, for a total value of $104,475.00. Following the sale, the insider now directly owns 180,522 shares of the company’s stock, valued at approximately $5,388,581.70. The disclosure for this sale can be found here. Corporate insiders own 78.50% of the company’s stock.

About Alarm.com Holdings

Alarm.com Holdings, Inc is a platform solution for the connected home. The Company, through its cloud-based services, makes connected home technology accessible to millions of home and business owners. The Company operates through two segments: Alarm.com and Other. The Company’s Alarm.com segment represents its cloud-based platform for the connected home and related connected home solutions.

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