Y Intercept Hong Kong Ltd Buys New Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Y Intercept Hong Kong Ltd bought a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,177 shares of the software maker's stock, valued at approximately $1,322,000.

A number of other hedge funds have also recently modified their holdings of ALRM. XTX Topco Ltd grew its holdings in shares of Alarm.com by 15.5% in the third quarter. XTX Topco Ltd now owns 6,529 shares of the software maker's stock worth $357,000 after purchasing an additional 877 shares during the last quarter. DF Dent & Co. Inc. boosted its position in Alarm.com by 23.3% in the 3rd quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker's stock valued at $19,648,000 after buying an additional 67,824 shares during the period. Quarry LP grew its stake in Alarm.com by 291.7% in the 3rd quarter. Quarry LP now owns 705 shares of the software maker's stock worth $39,000 after acquiring an additional 525 shares in the last quarter. Point72 DIFC Ltd increased its position in shares of Alarm.com by 96.3% during the third quarter. Point72 DIFC Ltd now owns 2,897 shares of the software maker's stock worth $158,000 after acquiring an additional 1,421 shares during the period. Finally, Holocene Advisors LP raised its stake in shares of Alarm.com by 108.1% during the third quarter. Holocene Advisors LP now owns 58,529 shares of the software maker's stock valued at $3,200,000 after acquiring an additional 30,404 shares in the last quarter. Institutional investors own 91.74% of the company's stock.

Insiders Place Their Bets

In other news, CEO Stephen Trundle sold 47,500 shares of the stock in a transaction 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 in the company, valued at approximately $17,227,858.76. This represents a 15.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen C. Evans sold 2,625 shares of the stock in a transaction 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 sale, the director now owns 5,767 shares of the company's stock, valued at approximately $344,116.89. This represents a 31.28 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Alarm.com Stock Down 1.6 %

Alarm.com stock traded down $1.07 during mid-day trading on Thursday, reaching $67.10. 354,650 shares of the company were exchanged, compared to its average volume of 377,962. The business has a fifty day moving average of $58.77 and a 200 day moving average of $60.69. 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 firm has a market cap of $3.32 billion, a P/E ratio of 29.51, a PEG ratio of 4.10 and a beta of 0.97. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $77.29.

Analyst Upgrades and Downgrades

ALRM has been the topic of several research analyst reports. Barclays increased their price objective on Alarm.com from $60.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Jefferies Financial Group started coverage on Alarm.com in a research report on Tuesday, November 5th. They set a "buy" rating and a $65.00 price target on the stock. The Goldman Sachs Group lifted 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. Roth Mkm dropped their target price 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. Finally, StockNews.com lowered shares of Alarm.com from a "buy" rating to a "hold" rating in a report on Tuesday. One investment 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.