Disciplined Growth Investors Inc. MN Raises Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Disciplined Growth Investors Inc. MN grew its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,874,849 shares of the software maker's stock after purchasing an additional 163,851 shares during the period. Alarm.com comprises 3.0% of Disciplined Growth Investors Inc. MN's portfolio, making the stock its 9th largest holding. Disciplined Growth Investors Inc. MN owned about 5.82% of Alarm.com worth $157,168,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Geneva Capital Management LLC increased its position in Alarm.com by 0.8% in the 3rd quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker's stock worth $71,480,000 after purchasing an additional 10,630 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Alarm.com by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker's stock worth $73,889,000 after purchasing an additional 42,281 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Alarm.com by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker's stock valued at $28,513,000 after purchasing an additional 7,567 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Alarm.com by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker's stock worth $30,051,000 after purchasing an additional 64,424 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Alarm.com by 230.6% during the third 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. 91.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALRM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $50.00 target price (down from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. StockNews.com raised Alarm.com from a "hold" rating to a "buy" rating in a research report on Monday, November 25th. Roth Mkm dropped their price target 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. The Goldman Sachs Group increased their price objective 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, Jefferies Financial Group initiated coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They set a "buy" rating and a $65.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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 business's stock in a transaction dated 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 in the company, valued at $344,116.89. The trade was a 31.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.60% of the company's stock.

Alarm.com Price Performance

Shares of ALRM stock traded up $0.53 during mid-day trading on Tuesday, reaching $68.80. The company's stock had a trading volume of 120,344 shares, compared to its average volume of 375,387. The firm's 50-day moving average is $58.17 and its two-hundred day moving average is $60.63. The company has a market cap of $3.40 billion, a P/E ratio of 29.55, a PEG ratio of 4.10 and a beta of 0.97. Alarm.com Holdings, Inc. has a 1-year low of $51.87 and a 1-year 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.

About Alarm.com

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.