Jefferies Financial Group Inc. Has $7.08 Million Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Jefferies Financial Group Inc. boosted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 818.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 116,452 shares of the software maker's stock after buying an additional 103,777 shares during the quarter. Jefferies Financial Group Inc. owned approximately 0.23% of Alarm.com worth $7,080,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased 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 worth $383,091,000 after purchasing an additional 68,907 shares during the last quarter. Northern Trust Corp increased its position in shares of Alarm.com by 1.5% during the 4th quarter. Northern Trust Corp now owns 704,309 shares of the software maker's stock worth $42,822,000 after purchasing an additional 10,674 shares during the last quarter. Burgundy Asset Management Ltd. acquired a new position in shares of Alarm.com during the 4th quarter worth approximately $42,490,000. Norges Bank acquired a new position in shares of Alarm.com during the 4th quarter worth approximately $34,841,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of 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 worth $32,247,000 after purchasing an additional 8,840 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

Alarm.com Price Performance

Shares of NASDAQ:ALRM traded down $0.15 during trading on Friday, reaching $57.43. 316,572 shares of the company traded hands, compared to its average volume of 407,691. The company's 50 day moving average is $54.52 and its two-hundred day moving average is $59.22. The firm has a market capitalization of $2.86 billion, a PE ratio of 25.08, a PEG ratio of 3.59 and a beta of 1.02. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. Alarm.com Holdings, Inc. has a 52 week low of $48.23 and a 52 week high of $71.98.

Insider Activity

In other news, CEO Stephen Trundle sold 3,644 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total transaction of $206,469.04. Following the completion of the sale, the chief executive officer now directly owns 268,859 shares in the company, valued at approximately $15,233,550.94. This represents a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Ramos sold 7,000 shares of the company's stock in a transaction 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 sale, the insider now owns 42,192 shares of the company's stock, valued at approximately $2,433,634.56. The trade was a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 39,334 shares of company stock worth $2,290,118. 5.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays decreased their target price on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group decreased their target price on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Raymond James decreased their target price on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.