MQS Management LLC Sells 3,130 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

MQS Management LLC trimmed its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 33.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,293 shares of the software maker’s stock after selling 3,130 shares during the quarter. MQS Management LLC’s holdings in Alarm.com were worth $344,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Oakworth Capital Inc. purchased a new stake in Alarm.com during the third quarter valued at approximately $38,000. Point72 DIFC Ltd raised its holdings in Alarm.com by 293.6% during the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after buying an additional 1,101 shares during the period. Canada Pension Plan Investment Board bought a new stake in Alarm.com in the second quarter worth $108,000. CWM LLC lifted its position in Alarm.com by 42.0% in the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after buying an additional 618 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Alarm.com by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after buying an additional 183 shares during the period. Institutional investors own 91.74% of the company’s stock.

Insiders Place Their Bets

In other news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the transaction, the insider now directly owns 41,100 shares in the company, valued at approximately $2,540,391. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,260,125. This trade represents a 16.48 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Alarm.com Stock Performance

Alarm.com stock opened at $59.93 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. The company has a market capitalization of $2.96 billion, a PE ratio of 25.94, a P/E/G ratio of 4.24 and a beta of 0.90. The company has a 50 day moving average price of $54.99 and a 200-day moving average price of $61.24. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $77.29.

Analyst Ratings Changes

Several research firms have recently issued reports on ALRM. Jefferies Financial Group started coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price for the company. Barclays raised their price objective 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. StockNews.com cut Alarm.com from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a report on Monday. Finally, The Goldman Sachs Group boosted their price objective on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Alarm.com has a consensus rating of “Hold” and an average target price of $64.40.

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.