Bares Capital Management Inc. decreased its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 97.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,998 shares of the software maker's stock after selling 560,913 shares during the quarter. Alarm.com makes up approximately 0.1% of Bares Capital Management Inc.'s holdings, making the stock its 12th largest holding. Bares Capital Management Inc.'s holdings in Alarm.com were worth $711,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of ALRM. CWM LLC lifted its stake in shares of Alarm.com by 42.0% in the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker's stock valued at $133,000 after purchasing an additional 618 shares during the period. QRG Capital Management Inc. grew its holdings in shares of 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 acquiring an additional 266 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Alarm.com by 584.7% in the 2nd quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker's stock valued at $1,472,000 after acquiring an additional 19,785 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Alarm.com by 7.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,341 shares of the software maker's stock valued at $7,329,000 after purchasing an additional 7,965 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Alarm.com by 12.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 24,598 shares of the software maker's stock worth $1,563,000 after acquiring an additional 2,736 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.
Alarm.com Stock Performance
Shares of NASDAQ ALRM traded down $0.21 during mid-day trading on Tuesday, reaching $68.06. 483,353 shares of the company's stock were exchanged, compared to its average volume of 376,928. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 4.10 and a beta of 0.97. The firm has a 50-day moving average price of $58.17 and a two-hundred day moving average price of $60.63. 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 at Alarm.com
In related news, Director Stephen C. Evans sold 2,625 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the transaction, the director now owns 5,767 shares in the company, valued at approximately $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.60% of the company's stock.
Wall Street Analysts Forecast Growth
ALRM has been the topic of several analyst reports. The Goldman Sachs Group increased their price target on shares of 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 target on Alarm.com from $60.00 to $67.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. StockNews.com raised Alarm.com from a "hold" rating to a "buy" rating in a research note on Monday, November 25th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Finally, Roth Mkm dropped their price objective on shares of Alarm.com from $78.00 to $73.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $64.40.
View Our Latest Analysis on ALRM
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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