Janus Henderson Group PLC Has $5.94 Million Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Janus Henderson Group PLC decreased its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 14.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,664 shares of the software maker's stock after selling 18,747 shares during the quarter. Janus Henderson Group PLC owned 0.22% of Alarm.com worth $5,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in shares of Alarm.com by 230.6% during the third quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker's stock worth $20,844,000 after purchasing an additional 265,936 shares during the period. Bank of Montreal Can raised its position in shares of Alarm.com by 2,394.6% during the second quarter. Bank of Montreal Can now owns 273,730 shares of the software maker's stock worth $17,406,000 after purchasing an additional 262,757 shares during the period. M&G PLC acquired a new stake in shares of Alarm.com during the third quarter worth about $9,583,000. Disciplined Growth Investors Inc. MN raised its position in shares of Alarm.com by 6.2% during the second quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker's stock worth $172,257,000 after purchasing an additional 158,465 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Alarm.com by 1,729.4% during the second quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker's stock worth $7,512,000 after purchasing an additional 111,768 shares during the period. Institutional investors and hedge funds own 91.74% of the company's stock.

Alarm.com Stock Down 0.3 %

ALRM stock traded down $0.21 during mid-day trading on Tuesday, reaching $68.06. The company had a trading volume of 350,923 shares, compared to its average volume of 376,928. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. The stock has a 50 day simple moving average of $58.46 and a two-hundred day simple moving average of $60.63. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 4.10 and a beta of 0.97. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $77.29.

Insider Buying and Selling at Alarm.com

In other news, Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction that occurred on Wednesday, November 20th. The stock was 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. The trade was a 31.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ALRM shares. 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. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $50.00 price objective (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Jefferies Financial Group initiated coverage on Alarm.com in a report on Tuesday, November 5th. They set a "buy" rating and a $65.00 price objective for the company. StockNews.com downgraded Alarm.com from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, Roth Mkm decreased their price objective on Alarm.com from $78.00 to $73.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Alarm.com currently has a consensus rating of "Hold" and an average target price of $64.40.

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.