Aigen Investment Management LP Buys Shares of 10,208 Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Aigen Investment Management LP acquired a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 10,208 shares of the software maker's stock, valued at approximately $558,000.

Several other large investors have also modified their holdings of ALRM. SG Americas Securities LLC boosted its position in Alarm.com by 15.2% during the 1st quarter. SG Americas Securities LLC now owns 3,384 shares of the software maker's stock worth $245,000 after purchasing an additional 446 shares during the period. Swiss National Bank lifted its holdings in Alarm.com by 0.3% in the 1st quarter. Swiss National Bank now owns 93,700 shares of the software maker's stock valued at $6,790,000 after acquiring an additional 300 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Alarm.com by 8.6% in the first quarter. Sei Investments Co. now owns 149,464 shares of the software maker's stock worth $10,831,000 after buying an additional 11,776 shares during the period. ProShare Advisors LLC lifted its stake in Alarm.com by 7.3% in the first quarter. ProShare Advisors LLC now owns 9,706 shares of the software maker's stock valued at $703,000 after acquiring an additional 662 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Alarm.com by 24.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 16,971 shares of the software maker's stock worth $1,230,000 after buying an additional 3,290 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on ALRM shares. Jefferies Financial Group assumed coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a "buy" rating and a $65.00 price target for the company. The Goldman Sachs Group boosted their target price on Alarm.com from $64.00 to $67.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Barclays raised their price target on Alarm.com from $60.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. Roth Mkm cut their price target on Alarm.com from $78.00 to $73.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $64.40.

Insider Buying and Selling

In other news, insider Daniel Ramos sold 9,476 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the transaction, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Steve Valenzuela sold 7,400 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the transaction, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,260,125. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel Ramos sold 9,476 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares of the company's stock, valued at approximately $2,540,391. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Alarm.com Stock Performance

ALRM stock traded down $1.32 during mid-day trading on Thursday, hitting $59.63. 222,825 shares of the company were exchanged, compared to its average volume of 373,074. The business has a 50 day simple moving average of $54.95 and a 200-day simple moving average of $61.25. The stock has a market capitalization of $2.95 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 4.24 and a beta of 0.90. Alarm.com Holdings, Inc. has a 1-year low of $51.87 and a 1-year high of $77.29. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42.

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.