Quantbot Technologies LP grew its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 25.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,059 shares of the software maker's stock after purchasing an additional 7,918 shares during the quarter. Quantbot Technologies LP owned approximately 0.08% of Alarm.com worth $2,135,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. purchased a new stake in Alarm.com in the 3rd quarter valued at $38,000. Huntington National Bank increased its position in Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker's stock worth $58,000 after buying an additional 367 shares in the last quarter. Point72 DIFC Ltd raised its position in shares of Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker's stock valued at $94,000 after buying an additional 1,101 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Alarm.com during the second quarter valued at approximately $108,000. Finally, CWM LLC boosted its position in Alarm.com by 42.0% during the second quarter. CWM LLC now owns 2,088 shares of the software maker's stock worth $133,000 after acquiring an additional 618 shares during the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
ALRM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reissued an "underweight" rating and set a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a research report on Monday. The Goldman Sachs Group lifted their price target on Alarm.com from $64.00 to $67.00 and gave the company a "neutral" 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 objective for the company. Finally, Roth Mkm cut their price target on shares of Alarm.com from $78.00 to $73.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. 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. According to data from MarketBeat.com, Alarm.com has an average rating of "Hold" and a consensus price target of $64.40.
Check Out Our Latest Research Report on Alarm.com
Alarm.com Stock Up 1.5 %
Alarm.com stock traded up $0.97 during midday trading on Friday, hitting $65.14. 247,253 shares of the company were exchanged, compared to its average volume of 373,960. 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 fifty-two week low of $51.87 and a fifty-two week high of $77.29. The company's fifty day moving average price is $56.49 and its 200-day moving average price is $60.81. The company has a market cap of $3.22 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 3.84 and a beta of 0.90.
Insider Transactions at Alarm.com
In other news, Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total transaction of $156,633.75. Following the sale, the director now directly owns 5,767 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.60% of the company's stock.
Alarm.com Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Alarm.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alarm.com wasn't on the list.
While Alarm.com currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
