XTX Topco Ltd Buys New Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Key Points

• XTX Topco Ltd has acquired a new position in Alarm.com Holdings, Inc., purchasing 14,975 shares valued at approximately $833,000 in the first quarter.
• Insider transactions reveal that CEO Stephen Trundle and another insider sold a combined total of 34,167 shares worth nearly $2 million over the last 90 days, suggesting some cashing out among executives.
• Analysts have set new price targets for Alarm.com, with Goldman Sachs lowering its target to $58 and Raymond James adjusting theirs to $80, while the average price target sits at $64.33.

XTX Topco Ltd purchased a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 14,975 shares of the software maker's stock, valued at approximately $833,000.

Other large investors have also made changes to their positions in the company. Bessemer Group Inc. raised its position in Alarm.com by 304.6% in the first quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock worth $39,000 after purchasing an additional 533 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Alarm.com by 235.5% during the first quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock worth $51,000 after buying an additional 643 shares in the last quarter. Quarry LP raised its stake in Alarm.com by 43.0% during the fourth quarter. Quarry LP now owns 1,008 shares of the software maker's stock worth $61,000 after acquiring an additional 303 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Alarm.com by 87.9% in the 1st quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock valued at $109,000 after purchasing an additional 919 shares during the period. Finally, CWM LLC increased its position in shares of Alarm.com by 95.5% during the first quarter. CWM LLC now owns 2,031 shares of the software maker's stock worth $113,000 after acquiring an additional 992 shares in the last quarter. Institutional investors own 91.74% of the company's stock.

Insider Activity

In other Alarm.com news, insider Daniel Ramos sold 7,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $57.68, for a total value of $403,760.00. Following the transaction, the insider directly owned 42,192 shares in the company, valued at approximately $2,433,634.56. This trade represents a 14.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey A. Bedell sold 2,204 shares of Alarm.com stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $56.66, for a total value of $124,878.64. Following the completion of the sale, the insider directly owned 505,805 shares in the company, valued at $28,658,911.30. This represents a 0.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 34,167 shares of company stock worth $1,994,181. 5.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ALRM shares. The Goldman Sachs Group dropped their price target on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Raymond James Financial dropped their price objective on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a research note on Friday, May 9th. Finally, Barclays lowered their price objective on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Alarm.com currently has a consensus rating of "Moderate Buy" and an average price target of $64.33.

Alarm.com Price Performance

ALRM stock traded down $1.48 during trading on Thursday, hitting $54.29. The stock had a trading volume of 242,356 shares, compared to its average volume of 342,099. The company's 50 day moving average price is $56.54 and its two-hundred day moving average price is $57.05. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 2.96 and a beta of 0.97. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $70.06. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.01 and a current ratio of 2.14.

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.