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

Centaurus Financial Inc. boosted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 236,644 shares of the software maker's stock after purchasing an additional 8,456 shares during the quarter. Alarm.com comprises approximately 0.8% of Centaurus Financial Inc.'s holdings, making the stock its 23rd largest holding. Centaurus Financial Inc. owned 0.48% of Alarm.com worth $12,937,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC raised its holdings in shares of Alarm.com by 584.7% in the second quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker's stock worth $1,472,000 after buying an additional 19,785 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Alarm.com by 36.8% during the first quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker's stock valued at $2,379,000 after purchasing an additional 8,843 shares during the period. Hsbc Holdings PLC increased its position in shares of Alarm.com by 312.9% during the second quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker's stock worth $1,399,000 after acquiring an additional 16,625 shares during the period. Vanguard Group Inc. increased its holdings in Alarm.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker's stock worth $426,190,000 after purchasing an additional 63,653 shares during the period. Finally, MQS Management LLC purchased a new position in shares of Alarm.com during the second quarter valued at $599,000. Institutional investors own 91.74% of the company's stock.

Alarm.com Stock Performance

NASDAQ ALRM traded up $1.54 on Friday, reaching $62.32. 284,912 shares of the company's stock traded hands, compared to its average volume of 453,854. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $77.29. 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 $3.08 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 3.64 and a beta of 0.90. The stock has a 50 day moving average price of $55.67 and a 200-day moving average price of $60.81.

Insider Activity at Alarm.com

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of the company's stock in a transaction 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 completion of the transaction, the director now directly owns 5,767 shares in the company, valued at approximately $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ALRM shares. StockNews.com lowered Alarm.com from a "buy" rating to a "hold" rating in a report on Monday, November 11th. The Goldman Sachs Group raised their price objective on Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Roth Mkm decreased their price target 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. Jefferies Financial Group assumed coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They issued a "buy" rating and a $65.00 price objective on the stock. Finally, Barclays raised their target price on shares of 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Alarm.com has an average 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.