Centaurus Financial Inc. increased its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 245,671 shares of the software maker's stock after acquiring an additional 9,027 shares during the period. Alarm.com makes up about 0.9% of Centaurus Financial Inc.'s investment portfolio, making the stock its 19th largest position. Centaurus Financial Inc. owned approximately 0.49% of Alarm.com worth $14,937,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Alarm.com by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker's stock valued at $383,091,000 after acquiring an additional 68,907 shares during the last quarter. Northern Trust Corp grew its holdings 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 acquiring an additional 10,674 shares during the last quarter. Burgundy Asset Management Ltd. acquired a new position in shares of Alarm.com in the 4th quarter worth $42,490,000. Norges Bank acquired a new position in shares of Alarm.com in the fourth quarter worth about $34,841,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Alarm.com by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker's stock valued at $32,247,000 after purchasing an additional 8,840 shares in the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have weighed in on ALRM. Raymond James dropped their target price on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a research report on Friday, May 9th. Barclays decreased their price objective 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. Finally, The Goldman Sachs Group lowered their target price on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research report 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, Alarm.com currently has an average rating of "Moderate Buy" and a consensus price target of $64.33.
View Our Latest Stock Analysis on Alarm.com
Alarm.com Stock Performance
ALRM stock traded down $0.15 during mid-day trading on Friday, reaching $57.43. 316,572 shares of the stock traded hands, compared to its average volume of 407,691. Alarm.com Holdings, Inc. has a 52 week low of $48.23 and a 52 week high of $71.98. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $2.86 billion, a PE ratio of 25.08, a P/E/G ratio of 3.59 and a beta of 1.02. The business has a 50-day moving average of $54.53 and a two-hundred day moving average of $59.24.
Insider Transactions at Alarm.com
In related news, insider Daniel Kerzner sold 932 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the transaction, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel Ramos sold 6,890 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $60.06, for a total value of $413,813.40. Following the completion of the sale, the insider now owns 38,600 shares of the company's stock, valued at $2,318,316. This represents a 15.15% 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. 5.60% of the stock is currently owned by company insiders.
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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