Principal Financial Group Inc. boosted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 271,379 shares of the software maker's stock after purchasing an additional 6,078 shares during the period. Principal Financial Group Inc. owned about 0.55% of Alarm.com worth $15,102,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of ALRM. Summit Investment Advisors Inc. lifted its holdings in Alarm.com by 3.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker's stock worth $301,000 after purchasing an additional 172 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Alarm.com by 8.1% in the 4th 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 last quarter. KBC Group NV increased its stake in Alarm.com by 10.8% in the 1st quarter. KBC Group NV now owns 2,128 shares of the software maker's stock worth $118,000 after acquiring an additional 208 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Alarm.com by 1.0% during the 4th quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker's stock valued at $1,710,000 after purchasing an additional 281 shares during the last quarter. Finally, Quarry LP increased its position in shares of Alarm.com by 43.0% during the 4th quarter. Quarry LP now owns 1,008 shares of the software maker's stock valued at $61,000 after purchasing an additional 303 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on ALRM shares. Barclays decreased their price objective on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research note 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 research report on Thursday, April 17th. Finally, Raymond James Financial cut their target price on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Alarm.com has an average rating of "Moderate Buy" and an average target price of $64.33.
Get Our Latest Stock Report on ALRM
Alarm.com Stock Down 1.2%
Shares of NASDAQ:ALRM traded down $0.64 during trading on Tuesday, hitting $53.96. The company's stock had a trading volume of 171,560 shares, compared to its average volume of 377,431. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.01 and a current ratio of 2.14. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $71.98. The stock's 50-day moving average price is $57.27 and its two-hundred day moving average price is $57.67. The company has a market capitalization of $2.68 billion, a PE ratio of 22.77, a PEG ratio of 2.93 and a beta of 0.99.
Insider Buying and Selling
In other Alarm.com news, insider Jeffrey A. Bedell sold 2,204 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $56.66, for a total transaction of $124,878.64. Following the sale, the insider directly owned 505,805 shares in the company, valued at approximately $28,658,911.30. The trade was a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Kerzner sold 2,213 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $56.66, for a total value of $125,388.58. Following the transaction, the insider directly owned 72,004 shares of the company's stock, valued at approximately $4,079,746.64. The trade was a 2.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,167 shares of company stock valued at $1,994,181 over the last three months. 5.60% of the stock is 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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