Connor Clark & Lunn Investment Management Ltd. Boosts Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Connor Clark & Lunn Investment Management Ltd. increased its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 26.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,394 shares of the software maker's stock after acquiring an additional 35,491 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.34% of Alarm.com worth $9,151,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in Alarm.com by 584.7% in the 2nd quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker's stock worth $1,472,000 after purchasing an additional 19,785 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Alarm.com by 36.8% in the first quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker's stock worth $2,379,000 after purchasing an additional 8,843 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in Alarm.com during the first quarter valued at approximately $759,000. Hsbc Holdings PLC increased its stake in Alarm.com by 312.9% in the 2nd quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker's stock worth $1,399,000 after acquiring an additional 16,625 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Alarm.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker's stock valued at $426,190,000 after acquiring an additional 63,653 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.

Insider Buying and Selling at Alarm.com

In other 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 transaction of $156,633.75. Following the sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.60% of the company's stock.

Alarm.com Stock Up 2.5 %

Shares of ALRM stock traded up $1.54 during trading hours on Friday, reaching $62.32. 276,827 shares of the company's stock were exchanged, compared to its average volume of 374,016. The stock has a market cap of $3.08 billion, a PE ratio of 26.55, a PEG ratio of 3.58 and a beta of 0.90. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The stock's fifty day moving average price is $55.53 and its two-hundred day moving average price is $60.99. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $77.29.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ALRM shares. Roth Mkm cut their target price on Alarm.com from $78.00 to $73.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. StockNews.com downgraded shares of Alarm.com from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $50.00 price target (down from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Jefferies Financial Group started coverage on Alarm.com in a research report on Tuesday, November 5th. They set a "buy" rating and a $65.00 price target on the stock. Finally, Barclays increased their target price on shares of Alarm.com from $60.00 to $67.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Alarm.com currently has an average rating of "Hold" and an average target price of $64.40.

Alarm.com 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.