MQS Management LLC acquired a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,497 shares of the software maker's stock, valued at approximately $473,000.
Several other large investors also recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. bought a new stake in shares of Alarm.com during the fourth quarter valued at approximately $36,000. Bessemer Group Inc. raised its position in Alarm.com by 304.6% during the 1st quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock valued at $39,000 after purchasing an additional 533 shares in the last quarter. Quarry LP grew its position in shares of Alarm.com by 43.0% during the 4th quarter. Quarry LP now owns 1,008 shares of the software maker's stock worth $61,000 after buying an additional 303 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Alarm.com by 87.9% during the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock valued at $109,000 after buying an additional 919 shares during the period. Finally, CWM LLC lifted its stake in Alarm.com by 95.5% in 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 during the period. 91.74% of the stock is owned by hedge funds and other institutional investors.
Alarm.com Stock Down 3.3%
Shares of ALRM stock opened at $54.77 on Monday. The stock's fifty day moving average price is $57.27 and its 200 day moving average price is $57.67. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $71.98. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 2.93 and a beta of 0.99. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.14 and a quick ratio of 2.01.
Insiders Place Their Bets
In related news, insider Daniel Ramos sold 7,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $57.68, for a total value of $403,760.00. Following the completion of the transaction, the insider directly owned 42,192 shares of the company's stock, valued at $2,433,634.56. This trade represents a 14.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey A. Bedell sold 2,204 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total transaction of $124,878.64. Following the sale, the insider directly owned 505,805 shares in the company, valued at approximately $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 90 days, insiders have sold 34,167 shares of company stock valued at $1,994,181. 5.60% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on ALRM. Barclays reduced their price target on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Raymond James Financial decreased their price objective on 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, The Goldman Sachs Group cut their target price on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alarm.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.33.
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Alarm.com 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.
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