Bank of Montreal Can Purchases 49,403 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Bank of Montreal Can grew its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 18.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 323,133 shares of the software maker's stock after buying an additional 49,403 shares during the quarter. Bank of Montreal Can owned 0.65% of Alarm.com worth $17,879,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC lifted 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 acquiring an additional 19,785 shares during the last quarter. Centaurus Financial Inc. increased its position in Alarm.com by 3.7% during the 3rd quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker's stock worth $12,937,000 after purchasing an additional 8,456 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Alarm.com by 36.8% in the 1st 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 last quarter. Hsbc Holdings PLC boosted its position 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. Finally, MQS Management LLC bought a new stake in shares of Alarm.com during the second quarter worth $599,000. Institutional investors own 91.74% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. 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 report on Friday, November 8th. Roth Mkm reduced their price target on Alarm.com from $78.00 to $73.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Jefferies Financial Group initiated coverage on shares of Alarm.com in a report on Tuesday, November 5th. They set a "buy" rating and a $65.00 target price on the stock. Finally, Barclays raised their price target 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 research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $64.40.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of the 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.60% of the company's stock.

Alarm.com Trading Up 1.5 %

Shares of NASDAQ ALRM traded up $0.97 during midday trading on Friday, reaching $65.14. The stock had a trading volume of 247,253 shares, compared to its average volume of 447,056. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month 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 company's 50 day moving average price is $56.68 and its 200 day moving average price is $60.74. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 28.20, a price-to-earnings-growth ratio of 3.90 and a beta of 0.90.

Alarm.com Company 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.