MQS Management LLC acquired a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,497 shares of the software maker's stock, valued at approximately $473,000.
Several other institutional investors have also recently bought and sold shares of ALRM. C M Bidwell & Associates Ltd. acquired a new stake in shares of Alarm.com in the 4th quarter valued at $36,000. Bessemer Group Inc. increased its stake in shares of Alarm.com by 304.6% in the 1st quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock valued at $39,000 after buying an additional 533 shares during the period. Quarry LP increased its stake in shares of Alarm.com by 43.0% in the 4th quarter. Quarry LP now owns 1,008 shares of the software maker's stock valued at $61,000 after buying an additional 303 shares during the period. GAMMA Investing LLC increased 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 buying an additional 919 shares during the period. Finally, CWM LLC increased its stake in shares of Alarm.com by 95.5% in the 1st quarter. CWM LLC now owns 2,031 shares of the software maker's stock valued at $113,000 after buying an additional 992 shares during the period. Institutional investors own 91.74% of the company's stock.
Analyst Ratings Changes
ALRM has been the subject of several research reports. Barclays lowered their target price 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. The Goldman Sachs Group decreased their price objective on Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Finally, 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $64.33.
Get Our Latest Research Report on Alarm.com
Insider Buying and Selling
In other news, CEO Stephen Trundle sold 3,644 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $56.66, for a total value of $206,469.04. Following the sale, the chief executive officer directly owned 268,859 shares in the company, valued at $15,233,550.94. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daniel Kerzner sold 2,213 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $56.66, for a total value of $125,388.58. Following the completion of the sale, the insider owned 72,004 shares in the company, valued at approximately $4,079,746.64. This trade represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,167 shares of company stock valued at $1,994,181. Corporate insiders own 5.80% of the company's stock.
Alarm.com Trading Up 1.4%
ALRM stock traded up $0.75 during midday trading on Thursday, hitting $55.51. 368,138 shares of the company's stock were exchanged, compared to its average volume of 376,495. The stock's fifty day moving average price is $57.34 and its 200-day moving average price is $57.54. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.01 and a current ratio of 2.14. The company has a market cap of $2.76 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 2.93 and a beta of 0.99. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $71.98.
About Alarm.com
(
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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