Alarm.com Holdings, Inc. (NASDAQ:ALRM) Holdings Lifted by Centaurus Financial Inc.

Centaurus Financial Inc. increased its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 236,644 shares of the software maker’s stock after acquiring an additional 8,456 shares during the period. Alarm.com makes up about 0.8% of Centaurus Financial Inc.’s investment portfolio, making the stock its 23rd largest position. Centaurus Financial Inc. owned approximately 0.48% of Alarm.com worth $12,937,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALRM. Oakworth Capital Inc. acquired a new stake in shares of Alarm.com during the 3rd quarter valued at $38,000. Huntington National Bank lifted its holdings in shares of Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after purchasing an additional 367 shares during the last quarter. Point72 DIFC Ltd increased its stake in Alarm.com by 293.6% in the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after purchasing an additional 1,101 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Alarm.com during the 2nd quarter worth about $108,000. Finally, CWM LLC lifted its stake in Alarm.com by 42.0% during the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after buying an additional 618 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Price Performance

ALRM opened at $62.32 on Friday. The stock has a fifty day moving average price of $55.67 and a 200 day moving average price of $60.93. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $77.29. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 3.64 and a beta of 0.90.

Insider Buying and Selling

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total value of $156,633.75. Following the completion of the sale, the director now directly owns 5,767 shares of the company’s stock, valued at $344,116.89. The trade was a 31.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Roth Mkm cut their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. The Goldman Sachs Group boosted their target price on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” 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 report on Monday, November 11th. Jefferies Financial Group assumed coverage on Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price objective for the company. Finally, Barclays lifted their target price on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $64.40.

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.