Alarm.com Holdings, Inc. (NASDAQ:ALRM) Position Trimmed by Quest Partners LLC

Quest Partners LLC cut its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 34.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,020 shares of the software maker's stock after selling 18,828 shares during the quarter. Quest Partners LLC owned 0.07% of Alarm.com worth $1,969,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Alarm.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker's stock worth $426,190,000 after purchasing an additional 63,653 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in shares of 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 worth $172,257,000 after acquiring an additional 158,465 shares in the last quarter. Geneva Capital Management LLC grew its holdings in shares of Alarm.com by 0.8% in the 3rd quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker's stock worth $71,480,000 after acquiring an additional 10,630 shares during the period. Dimensional Fund Advisors LP raised its holdings in Alarm.com by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker's stock worth $73,889,000 after purchasing an additional 42,281 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Alarm.com by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker's stock valued at $30,051,000 after purchasing an additional 64,424 shares during the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the transaction, the insider now owns 41,100 shares of the company's stock, valued at approximately $2,540,391. This represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the sale, the chief financial officer now owns 37,500 shares in the company, valued at $2,260,125. This represents a 16.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ALRM shares. Roth Mkm cut their target price on shares of Alarm.com from $78.00 to $73.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. StockNews.com downgraded Alarm.com from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. reissued 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. The Goldman Sachs Group increased their price target on Alarm.com from $64.00 to $67.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Finally, Barclays boosted their target price 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $64.40.

Alarm.com Stock Up 0.7 %

Shares of ALRM stock traded up $0.41 during trading hours on Tuesday, reaching $59.76. The company had a trading volume of 330,916 shares, compared to its average volume of 374,209. The stock's fifty day simple moving average is $55.09 and its 200 day simple moving average is $61.11. The company has a market capitalization of $2.95 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 4.08 and a beta of 0.90. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $77.29.

Alarm.com Company 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.