Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Purchased by Barclays PLC

Barclays PLC increased its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 323.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,402 shares of the software maker's stock after buying an additional 69,804 shares during the quarter. Barclays PLC owned about 0.18% of Alarm.com worth $4,997,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ALRM. Assenagon Asset Management S.A. grew its stake in Alarm.com by 230.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker's stock valued at $20,844,000 after purchasing an additional 265,936 shares during the last quarter. Bank of Montreal Can lifted its holdings 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 purchased a new stake in Alarm.com in the third quarter valued at approximately $9,583,000. Disciplined Growth Investors Inc. MN increased its holdings in Alarm.com by 6.2% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker's stock worth $172,257,000 after buying an additional 158,465 shares during the period. Finally, Federated Hermes Inc. raised its position in Alarm.com by 1,729.4% during the 2nd quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker's stock worth $7,512,000 after buying an additional 111,768 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Price Performance

ALRM traded down $1.40 during trading on Friday, hitting $62.95. The company's stock had a trading volume of 1,580,221 shares, compared to its average volume of 383,272. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 27.25, a P/E/G ratio of 4.08 and a beta of 0.97. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $77.29. The business's fifty day simple moving average is $60.58 and its 200 day simple moving average is $60.71. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42.

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. Also, insider Daniel Kerzner sold 32,851 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $66.40, for a total value of $2,181,306.40. Following the transaction, the insider now directly owns 59,668 shares in the company, valued at $3,961,955.20. This trade represents a 35.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,976 shares of company stock worth $5,576,490. Company insiders own 5.60% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on ALRM shares. StockNews.com upgraded shares of Alarm.com from a "hold" rating to a "buy" rating in a research note on Wednesday. The Goldman Sachs Group increased their price target on Alarm.com from $64.00 to $67.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Barclays boosted their price objective on Alarm.com from $60.00 to $67.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $50.00 target price (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Finally, Roth Mkm decreased their price target 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 analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $64.40.

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.