Landscape Capital Management L.L.C. Acquires 10,114 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Landscape Capital Management L.L.C. increased its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 122.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,342 shares of the software maker's stock after buying an additional 10,114 shares during the period. Landscape Capital Management L.L.C.'s holdings in Alarm.com were worth $1,003,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in shares of Alarm.com by 230.6% in the 3rd 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 last quarter. Bank of Montreal Can increased its position in shares of Alarm.com by 2,394.6% in the 2nd quarter. Bank of Montreal Can now owns 273,730 shares of the software maker's stock worth $17,406,000 after purchasing an additional 262,757 shares during the last quarter. M&G PLC bought a new stake in shares of Alarm.com in the 3rd quarter worth about $9,583,000. Disciplined Growth Investors Inc. MN increased its position in shares of Alarm.com by 6.2% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker's stock worth $172,257,000 after purchasing 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% in the 2nd quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker's stock worth $7,512,000 after purchasing an additional 111,768 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ALRM. Barclays lifted their price target on shares of Alarm.com from $60.00 to $67.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. StockNews.com lowered shares of Alarm.com from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Jefferies Financial Group began coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a "buy" rating and a $65.00 price target for the company. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Finally, The Goldman Sachs Group lifted their price target on shares of Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $64.40.

Alarm.com Price Performance

Shares of NASDAQ ALRM traded up $1.54 during midday trading on Friday, reaching $62.32. The company's stock had a trading volume of 284,912 shares, compared to its average volume of 453,854. 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 company has a 50 day moving average price of $55.67 and a 200 day moving average price of $60.93. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $77.29. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 3.64 and a beta of 0.90.

Insider Activity

In other news, Director Stephen C. Evans sold 2,625 shares of the business'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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is owned by company insiders.

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.