Charles Schwab Investment Management Inc. boosted its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 1.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 521,543 shares of the software maker's stock after purchasing an additional 7,567 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.06% of Alarm.com worth $28,513,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALRM. Price T Rowe Associates Inc. MD grew its position in Alarm.com by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,950 shares of the software maker's stock worth $2,389,000 after purchasing an additional 1,755 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Alarm.com by 75.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,915 shares of the software maker's stock valued at $566,000 after acquiring an additional 3,848 shares during the period. CWM LLC grew its position in shares of Alarm.com by 42.0% during the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker's stock valued at $133,000 after acquiring an additional 618 shares during the period. Cardinal Capital Management grew its position in shares of Alarm.com by 20.8% during the 2nd quarter. Cardinal Capital Management now owns 20,031 shares of the software maker's stock valued at $1,273,000 after acquiring an additional 3,453 shares during the period. Finally, QRG Capital Management Inc. grew its position in shares of Alarm.com by 4.6% during the 2nd quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker's stock valued at $381,000 after acquiring an additional 266 shares during the period. 91.74% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. Barclays raised their target price on Alarm.com from $60.00 to $67.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. restated an "underweight" rating and set a $50.00 target price (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a research report on Monday, November 25th. Roth Mkm lowered their price objective 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, The Goldman Sachs Group lifted their price objective on Alarm.com from $64.00 to $67.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Alarm.com has an average rating of "Hold" and a consensus price target of $64.40.
Get Our Latest Stock Report on Alarm.com
Alarm.com Price Performance
ALRM traded down $0.86 during trading on Thursday, reaching $67.95. The company's stock had a trading volume of 478,656 shares, compared to its average volume of 376,264. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. The firm has a fifty day simple moving average of $57.36 and a two-hundred day simple moving average of $60.67. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $77.29. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 3.95 and a beta of 0.97.
Insiders Place Their Bets
In other Alarm.com 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 value of $156,633.75. Following the transaction, the director now directly owns 5,767 shares of the company's stock, valued at $344,116.89. This trade represents a 31.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 5.60% of the company's stock.
About Alarm.com
(
Free Report)
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.
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