GSA Capital Partners LLP Acquires 18,057 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

GSA Capital Partners LLP increased its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 350.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,209 shares of the software maker's stock after purchasing an additional 18,057 shares during the period. GSA Capital Partners LLP's holdings in Alarm.com were worth $1,269,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust increased its position in Alarm.com by 8.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker's stock valued at $151,000 after buying an additional 183 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Alarm.com by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 13,283 shares of the software maker's stock worth $844,000 after purchasing an additional 232 shares in the last quarter. QRG Capital Management Inc. grew its position in Alarm.com by 4.6% in the 2nd quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker's stock valued at $381,000 after purchasing an additional 266 shares during the period. Swiss National Bank increased its stake in Alarm.com by 0.3% during the 1st quarter. Swiss National Bank now owns 93,700 shares of the software maker's stock valued at $6,790,000 after purchasing an additional 300 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Alarm.com by 15.2% during the first quarter. SG Americas Securities LLC now owns 3,384 shares of the software maker's stock worth $245,000 after buying an additional 446 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Stock Performance

Shares of NASDAQ ALRM traded down $0.08 during mid-day trading on Friday, reaching $59.85. 487,120 shares of the company's stock were exchanged, compared to its average volume of 374,216. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 4.25 and a beta of 0.90. The firm has a 50-day moving average price of $55.09 and a two-hundred day moving average price of $61.19. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $77.29.

Insider Buying and Selling

In related news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the sale, the insider now owns 41,100 shares of the company's stock, valued at approximately $2,540,391. This represents a 18.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of the business's stock in a transaction on 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 of the company's stock, valued at $2,260,125. This trade represents a 16.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on ALRM. Jefferies Financial Group began coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They set a "buy" rating and a $65.00 target price for the company. The Goldman Sachs Group increased their price objective on Alarm.com from $64.00 to $67.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Roth Mkm cut their target price on Alarm.com from $78.00 to $73.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. StockNews.com lowered Alarm.com from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Barclays raised their price objective 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price 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.