Handelsbanken Fonder AB Increases Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Handelsbanken Fonder AB raised its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 322,900 shares of the software maker's stock after acquiring an additional 20,000 shares during the period. Handelsbanken Fonder AB owned about 0.65% of Alarm.com worth $17,969,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Alarm.com during the fourth quarter worth about $25,000. C M Bidwell & Associates Ltd. acquired a new position in Alarm.com in the fourth quarter valued at approximately $36,000. Quarry LP lifted its stake in Alarm.com by 43.0% in the fourth 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. Smartleaf Asset Management LLC raised its position 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 purchasing an additional 779 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Alarm.com by 87.9% during the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock worth $109,000 after purchasing an additional 919 shares during the period. Institutional investors own 91.74% of the company's stock.

Insiders Place Their Bets

In related news, CEO Stephen Trundle sold 3,644 shares of Alarm.com stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total value of $206,469.04. Following the completion of the sale, the chief executive officer now owns 268,859 shares of the company's stock, 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 legal filing with the SEC, which is available at this link. Also, insider Daniel Kerzner sold 2,213 shares of Alarm.com stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total value of $125,388.58. Following the completion of the sale, the insider now directly owns 72,004 shares of the company's stock, valued at $4,079,746.64. The trade was a 2.98% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,898 shares of company stock valued at $2,089,284. Corporate insiders own 5.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ALRM. Raymond James decreased their price target on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a report on Friday, May 9th. Barclays dropped their price target on 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. Finally, The Goldman Sachs Group dropped their price objective on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. One 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. Based on data from MarketBeat.com, Alarm.com currently has an average rating of "Moderate Buy" and an average price target of $64.33.

Alarm.com Trading Down 1.5%

ALRM traded down $0.84 on Friday, hitting $56.64. 329,249 shares of the company were exchanged, compared to its average volume of 398,161. The stock has a market capitalization of $2.82 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a 12 month low of $48.23 and a 12 month high of $71.98. The firm has a fifty day simple moving average of $55.32 and a two-hundred day simple moving average of $58.93. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85.

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.