Seizert Capital Partners LLC boosted its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 55.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,617 shares of the software maker's stock after buying an additional 28,237 shares during the quarter. Seizert Capital Partners LLC owned 0.16% of Alarm.com worth $4,431,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Bessemer Group Inc. raised its position in shares of Alarm.com by 304.6% during the 1st quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock valued at $39,000 after purchasing an additional 533 shares during the period. Larson Financial Group LLC increased its holdings in shares of Alarm.com by 235.5% in the first quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock worth $51,000 after purchasing an additional 643 shares during the last quarter. Quarry LP increased its position in Alarm.com by 43.0% in the fourth quarter. Quarry LP now owns 1,008 shares of the software maker's stock worth $61,000 after purchasing an additional 303 shares during the last quarter. GAMMA Investing LLC lifted its position in Alarm.com by 87.9% in the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock worth $109,000 after buying an additional 919 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Alarm.com by 95.5% in the first quarter. CWM LLC now owns 2,031 shares of the software maker's stock worth $113,000 after buying an additional 992 shares during the period. 91.74% of the stock is currently owned by institutional investors.
Insider Activity at Alarm.com
In related news, CEO Stephen Trundle sold 3,644 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were 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 owned 268,859 shares of the company's stock, valued at approximately $15,233,550.94. This represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jeffrey A. Bedell sold 2,204 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 $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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,167 shares of company stock valued at $1,994,181. Insiders own 5.80% of the company's stock.
Alarm.com Stock Performance
Shares of ALRM stock traded down $0.58 during trading hours on Friday, hitting $54.05. The company's stock had a trading volume of 501,093 shares, compared to its average volume of 263,039. The company has a current ratio of 2.14, a quick ratio of 2.01 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average of $56.64 and a 200 day moving average of $57.16. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $70.06. The stock has a market cap of $2.69 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 2.92 and a beta of 0.97.
Analyst Ratings Changes
A number of brokerages recently commented on ALRM. The Goldman Sachs Group reduced their price objective on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Raymond James Financial dropped their price target on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a research note on Friday, May 9th. Finally, Barclays decreased their price objective on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $64.33.
Read Our Latest Analysis on ALRM
Alarm.com Company Profile
(
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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