Fmr LLC Has $8.41 Million Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

FMR LLC increased its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 129.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,865 shares of the software maker's stock after purchasing an additional 86,683 shares during the quarter. FMR LLC owned approximately 0.31% of Alarm.com worth $8,412,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of 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 acquiring an additional 265,936 shares in the last quarter. Bank of Montreal Can grew its stake in Alarm.com by 2,394.6% during the 2nd quarter. Bank of Montreal Can now owns 273,730 shares of the software maker's stock valued at $17,406,000 after acquiring an additional 262,757 shares in the last quarter. M&G PLC purchased a new position in Alarm.com during the 3rd quarter valued at about $9,583,000. Disciplined Growth Investors Inc. MN grew its stake in Alarm.com by 6.2% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker's stock valued at $172,257,000 after acquiring an additional 158,465 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake 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 valued at $7,512,000 after acquiring an additional 111,768 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Barclays boosted their target price on Alarm.com from $60.00 to $67.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Jefferies Financial Group started coverage on Alarm.com in a report on Tuesday, November 5th. They set a "buy" rating and a $65.00 price target for the company. StockNews.com lowered Alarm.com from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, Roth Mkm cut their target price on 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, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $64.40.

Insider Buying and Selling at Alarm.com

In related news, CEO Stephen Trundle sold 47,500 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total value of $3,238,550.00. Following the transaction, the chief executive officer now owns 252,682 shares in the company, valued at $17,227,858.76. This trade represents a 15.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen C. Evans sold 2,625 shares of the firm'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 completion of 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 position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company's stock.

Alarm.com Price Performance

NASDAQ:ALRM traded down $1.07 during trading hours on Thursday, reaching $67.10. The company had a trading volume of 354,648 shares, compared to its average volume of 377,321. The stock has a 50-day moving average of $58.77 and a two-hundred day moving average of $60.69. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $77.29. The firm has a market capitalization of $3.32 billion, a PE ratio of 29.51, a PEG ratio of 4.10 and a beta of 0.97. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42.

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.