Holocene Advisors LP Raises Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Holocene Advisors LP boosted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 108.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,529 shares of the software maker's stock after buying an additional 30,404 shares during the period. Holocene Advisors LP owned approximately 0.12% of Alarm.com worth $3,200,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in shares of 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 worth $20,844,000 after purchasing an additional 265,936 shares during the period. Bank of Montreal Can raised its holdings in 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 buying an additional 262,757 shares during the last quarter. M&G PLC bought a new position in shares of Alarm.com in the third quarter valued at $9,583,000. Disciplined Growth Investors Inc. MN grew its holdings in shares of Alarm.com by 6.2% during the second quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker's stock valued at $172,257,000 after buying an additional 158,465 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Alarm.com by 1,729.4% during the second quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker's stock worth $7,512,000 after acquiring an additional 111,768 shares in the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Stock Performance

Shares of NASDAQ ALRM traded up $0.46 during mid-day trading on Friday, reaching $68.41. 343,363 shares of the company's stock were exchanged, compared to its average volume of 376,095. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 3.95 and a beta of 0.97. The firm has a 50-day moving average price of $57.64 and a two-hundred day moving average price of $60.72. 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 other news, Director Stephen C. Evans sold 2,625 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total transaction of $156,633.75. Following the transaction, the director now owns 5,767 shares of the company's stock, valued at $344,116.89. This represents a 31.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

ALRM has been the subject of a number of analyst reports. StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a research note on Monday, November 25th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Roth Mkm dropped their price objective on Alarm.com from $78.00 to $73.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Jefferies Financial Group began coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They issued a "buy" rating and a $65.00 target price for the company. Finally, The Goldman Sachs Group raised their price target on shares of Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.