Two Sigma Advisers LP increased its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 160.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,000 shares of the software maker's stock after purchasing an additional 15,400 shares during the quarter. Two Sigma Advisers LP owned approximately 0.05% of Alarm.com worth $1,520,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in ALRM. Vanguard Group Inc. raised its holdings in Alarm.com by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker's stock worth $383,091,000 after purchasing an additional 68,907 shares in the last quarter. Northern Trust Corp grew its position in shares of Alarm.com by 1.5% in the 4th quarter. Northern Trust Corp now owns 704,309 shares of the software maker's stock worth $42,822,000 after buying an additional 10,674 shares during the period. Norges Bank bought a new position in shares of Alarm.com in the 4th quarter worth about $34,841,000. Charles Schwab Investment Management Inc. lifted its position in Alarm.com by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker's stock valued at $32,247,000 after acquiring an additional 8,840 shares during the period. Finally, T. Rowe Price Investment Management Inc. bought a new stake in Alarm.com during the fourth quarter worth about $27,506,000. Hedge funds and other institutional investors own 91.74% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on ALRM shares. The Goldman Sachs Group lowered their target price on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Raymond James lowered 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, Barclays cut their target price on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Alarm.com presently has a consensus rating of "Moderate Buy" and an average target price of $64.33.
Read Our Latest Stock Report on Alarm.com
Alarm.com Stock Down 1.7%
ALRM traded down $0.98 during trading on Wednesday, hitting $57.84. 336,952 shares of the company's stock traded hands, compared to its average volume of 404,710. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 3.59 and a beta of 1.02. The company's 50 day simple moving average is $54.58 and its two-hundred day simple moving average is $59.17. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $71.98. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35.
Insider Buying and Selling at Alarm.com
In related news, insider Daniel Ramos sold 6,890 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $60.06, for a total transaction of $413,813.40. Following the transaction, the insider now owns 38,600 shares in the company, valued at $2,318,316. This represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steve Valenzuela sold 3,436 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the completion of the sale, the chief financial officer now owns 37,500 shares in the company, valued at $2,191,875. This represents a 8.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,334 shares of company stock worth $2,290,118. Company insiders own 5.80% of the company's stock.
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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