Assenagon Asset Management S.A. grew its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 391,212 shares of the software maker's stock after acquiring an additional 9,935 shares during the period. Assenagon Asset Management S.A. owned about 0.79% of Alarm.com worth $23,786,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALRM. Centaurus Financial Inc. grew its stake in shares of Alarm.com by 3.7% in the 3rd quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker's stock valued at $12,937,000 after buying an additional 8,456 shares during the period. Hsbc Holdings PLC raised its stake in Alarm.com by 312.9% in the second quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker's stock valued at $1,399,000 after buying an additional 16,625 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Alarm.com by 630.1% during the second quarter. Squarepoint Ops LLC now owns 97,847 shares of the software maker's stock worth $6,217,000 after purchasing an additional 84,445 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Alarm.com by 369.7% during the 3rd quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker's stock worth $3,802,000 after buying an additional 54,738 shares during the last quarter. Finally, Aristeia Capital L.L.C. acquired a new position in Alarm.com in the second quarter valued at $619,000. 91.74% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Roth Mkm dropped their price objective on shares of Alarm.com from $78.00 to $73.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Jefferies Financial Group started coverage on shares of Alarm.com in a report on Tuesday, November 5th. They set a "buy" rating and a $65.00 target price for the company. StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. The Goldman Sachs Group boosted their price target on Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. 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 report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $64.40.
View Our Latest Stock Report on ALRM
Insider Transactions at Alarm.com
In related news, Director Stephen C. Evans sold 2,625 shares of the firm'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 sale, the director now directly owns 5,767 shares in the company, valued at $344,116.89. This trade represents a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Stephen Trundle sold 47,500 shares of Alarm.com stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the completion of the sale, the chief executive officer now owns 252,682 shares in the company, valued at $17,227,858.76. The trade was a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,976 shares of company stock valued at $5,576,490 in the last three months. 5.60% of the stock is owned by corporate insiders.
Alarm.com Stock Down 0.0 %
Shares of NASDAQ:ALRM traded down $0.02 during trading on Friday, reaching $61.36. 175,430 shares of the company traded hands, compared to its average volume of 329,047. 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 market cap of $3.03 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 3.59 and a beta of 0.98. The firm has a fifty day simple moving average of $62.97 and a 200 day simple moving average of $60.52. Alarm.com Holdings, Inc. has a 1-year low of $51.87 and a 1-year high of $77.29.
Alarm.com Company Profile
(
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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