Squarepoint Ops LLC lowered its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 58.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,494 shares of the software maker's stock after selling 87,577 shares during the quarter. Squarepoint Ops LLC owned 0.13% of Alarm.com worth $3,860,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Alarm.com during the 4th quarter worth $25,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Alarm.com during the fourth quarter worth about $36,000. Nisa Investment Advisors LLC grew its stake in shares of Alarm.com by 134.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock valued at $57,000 after buying an additional 539 shares in the last quarter. Quarry LP lifted its position in Alarm.com by 43.0% during the 4th quarter. Quarry LP now owns 1,008 shares of the software maker's stock worth $61,000 after acquiring an additional 303 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Alarm.com by 305.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock valued at $63,000 after acquiring an additional 779 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.
Insiders Place Their Bets
In other Alarm.com news, insider Daniel Ramos sold 7,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $57.68, for a total value of $403,760.00. Following the transaction, the insider now directly owns 42,192 shares in the company, valued at approximately $2,433,634.56. This trade represents a 14.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Kerzner sold 932 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the sale, the insider now directly owns 58,736 shares of the company's stock, valued at approximately $3,259,260.64. This trade represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,334 shares of company stock valued at $2,290,118 over the last quarter. Insiders own 5.60% of the company's stock.
Alarm.com Stock Down 1.1%
Shares of ALRM stock traded down $0.61 during trading on Wednesday, hitting $57.12. 186,901 shares of the company were exchanged, compared to its average volume of 422,690. 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 Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $71.98. The business's 50-day simple moving average is $54.52 and its 200 day simple moving average is $59.26. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 3.59 and a beta of 1.02.
Wall Street Analysts Forecast Growth
ALRM has been the topic of a number of recent analyst reports. Raymond James cut 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. The Goldman Sachs Group lowered their price objective on Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Finally, Barclays cut their target price 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. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alarm.com presently has an average rating of "Moderate Buy" and a consensus price target of $64.33.
Read Our Latest Stock Report on ALRM
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.
Featured Articles
Before you consider Alarm.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alarm.com wasn't on the list.
While Alarm.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
