Algert Global LLC Has $10.26 Million Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Algert Global LLC raised its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 9.2% in the third quarter, Holdings Channel reports. The firm owned 187,606 shares of the software maker’s stock after acquiring an additional 15,809 shares during the quarter. Algert Global LLC’s holdings in Alarm.com were worth $10,256,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ALRM. Oakworth Capital Inc. bought a new position in shares of Alarm.com in the third quarter valued at $38,000. Huntington National Bank lifted its stake in Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after acquiring an additional 367 shares during the last quarter. Point72 DIFC Ltd grew its position in shares of Alarm.com by 293.6% in the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after acquiring an additional 1,101 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Alarm.com during the 2nd quarter worth about $108,000. Finally, CWM LLC raised its holdings in shares of Alarm.com by 42.0% in the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after purchasing an additional 618 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com cut Alarm.com from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Jefferies Financial Group initiated coverage on Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price for the company. Barclays increased their price target 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. Roth Mkm reduced their price objective on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group increased their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.40.

Insider Activity

In other news, Director Stephen C. Evans sold 2,625 shares of the firm’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 transaction of $156,633.75. Following the transaction, the director now directly owns 5,767 shares of the company’s stock, valued at approximately $344,116.89. This trade represents a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.60% of the stock is currently owned by company insiders.

Alarm.com Stock Performance

ALRM opened at $62.32 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. The company has a market capitalization of $3.08 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 3.64 and a beta of 0.90. The business has a fifty day simple moving average of $55.53 and a 200 day simple moving average of $60.99. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $77.29.

Alarm.com Company 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.