Motley Fool Wealth Management LLC Sells 8,690 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Motley Fool Wealth Management LLC cut its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 3.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 262,400 shares of the software maker's stock after selling 8,690 shares during the quarter. Motley Fool Wealth Management LLC owned 0.53% of Alarm.com worth $14,345,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. SG Americas Securities LLC boosted its position in Alarm.com by 584.7% during the second quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker's stock valued at $1,472,000 after purchasing an additional 19,785 shares during the last quarter. Centaurus Financial Inc. boosted its position in Alarm.com by 3.7% during the third quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker's stock valued at $12,937,000 after purchasing an additional 8,456 shares during the last quarter. Janus Henderson Group PLC boosted its position in Alarm.com by 36.8% during the first quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker's stock valued at $2,379,000 after purchasing an additional 8,843 shares during the last quarter. Hsbc Holdings PLC boosted its position in Alarm.com by 312.9% during the second quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker's stock valued at $1,399,000 after purchasing an additional 16,625 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Alarm.com in the second quarter valued at approximately $599,000. 91.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ALRM has been the topic of a number of recent research reports. JPMorgan Chase & Co. restated an "underweight" rating and set a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Barclays lifted their price target on Alarm.com from $60.00 to $67.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a research note on Monday, November 25th. Roth Mkm reduced their price objective 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. Finally, Jefferies Financial Group initiated coverage on Alarm.com in a research report on Tuesday, November 5th. They set a "buy" rating and a $65.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $64.40.

Alarm.com Trading Up 4.2 %

Shares of Alarm.com stock traded up $2.80 during midday trading on Wednesday, reaching $68.85. The company had a trading volume of 518,154 shares, compared to its average volume of 374,231. The stock has a fifty day moving average price of $57.06 and a 200 day moving average price of $60.62. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $77.29. The firm has a market cap of $3.40 billion, a PE ratio of 28.59, a P/E/G ratio of 3.87 and a beta of 0.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20.

Insider Transactions at Alarm.com

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the completion of the sale, the director now directly owns 5,767 shares in the company, valued at approximately $344,116.89. The trade was a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.60% of the stock is currently owned by corporate insiders.

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.