6,100 Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Acquired by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management invested $339,000 in Alarm.com Holdings, purchasing 6,100 shares during the first quarter, reflecting increasing institutional interest in the company.
• Insiders at Alarm.com have recently sold shares, with Daniel Ramos selling 7,000 shares and a total of 34,167 shares sold in the last quarter, indicating potential shifts in insider confidence.
• Recent research reports have led to reduced target prices for Alarm.com by multiple analysts, with Goldman Sachs adjusting its target from $66 to $58, indicating a cautious outlook for the stock.

Allianz Asset Management GmbH purchased a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,100 shares of the software maker's stock, valued at approximately $339,000.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC increased its stake in Alarm.com by 235.5% during the 1st quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock valued at $51,000 after buying an additional 643 shares during the period. MQS Management LLC acquired a new position in shares of Alarm.com in the 1st quarter worth approximately $473,000. CWM LLC grew 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 worth $113,000 after purchasing an additional 992 shares during the last quarter. Alps Advisors Inc. grew its stake in shares of Alarm.com by 3.0% in the 1st quarter. Alps Advisors Inc. now owns 14,363 shares of the software maker's stock worth $799,000 after purchasing an additional 419 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Alarm.com by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 271,379 shares of the software maker's stock worth $15,102,000 after purchasing an additional 6,078 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

Insider Transactions at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 7,000 shares of Alarm.com 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 sale, the insider directly owned 42,192 shares in the company, valued at $2,433,634.56. The trade was a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Kerzner sold 2,213 shares of Alarm.com stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $56.66, for a total transaction of $125,388.58. Following the completion of the transaction, the insider directly owned 72,004 shares in the company, valued at approximately $4,079,746.64. This represents a 2.98% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,167 shares of company stock valued at $1,994,181. Insiders own 5.80% of the company's stock.

Alarm.com Stock Down 2.7%

Shares of ALRM stock traded down $1.49 during trading on Thursday, hitting $54.28. 232,103 shares of the company were exchanged, compared to its average volume of 341,993. 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 firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 2.96 and a beta of 0.97. The business's 50-day simple moving average is $56.54 and its 200 day simple moving average is $57.05. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $70.06.

Wall Street Analyst Weigh In

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

Alarm.com Profile

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.