GAMMA Investing LLC Boosts Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

GAMMA Investing LLC raised its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 10,359.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 109,297 shares of the software maker's stock after purchasing an additional 108,252 shares during the quarter. GAMMA Investing LLC owned about 0.22% of Alarm.com worth $6,082,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Alarm.com during the fourth quarter worth about $25,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Alarm.com during the fourth quarter worth about $36,000. Quarry LP increased its stake in shares of Alarm.com by 43.0% during the fourth quarter. Quarry LP now owns 1,008 shares of the software maker's stock worth $61,000 after acquiring an additional 303 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Alarm.com by 305.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock worth $63,000 after acquiring an additional 779 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in shares of Alarm.com by 8.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker's stock worth $162,000 after acquiring an additional 200 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Price Performance

ALRM traded down $0.84 on Friday, hitting $56.64. 329,249 shares of the company were exchanged, compared to its average volume of 400,046. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The business's fifty day moving average is $55.32 and its 200 day moving average is $59.00. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $71.98. The firm has a market capitalization of $2.82 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ALRM shares. The Goldman Sachs Group dropped their price target 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 decreased their price objective on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a report on Friday, May 9th. Finally, Barclays lowered their target price on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $64.33.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 6,890 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $60.06, for a total value of $413,813.40. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Kerzner sold 932 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the sale, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. This trade represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,898 shares of company stock valued at $2,089,284 over the last quarter. Corporate insiders own 5.80% of the company's stock.

Alarm.com Company 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.