Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 350.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,209 shares of the software maker’s stock after acquiring an additional 18,057 shares during the period. GSA Capital Partners LLP’s holdings in Alarm.com were worth $1,269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ALRM. Oakworth Capital Inc. purchased a new position in Alarm.com during the third quarter worth about $38,000. Point72 DIFC Ltd lifted its holdings in Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after acquiring an additional 1,101 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Alarm.com in the second quarter valued at approximately $108,000. CWM LLC grew its position in Alarm.com by 42.0% in the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after acquiring an additional 618 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in Alarm.com by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after acquiring an additional 183 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ALRM. The Goldman Sachs Group upped their price target on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. StockNews.com lowered shares of Alarm.com from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a research note on Monday. Barclays increased their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group assumed coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $64.40.

Insider Buying and Selling

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the sale, the insider now directly owns 41,100 shares in the company, valued at $2,540,391. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. This represents a 16.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Alarm.com Stock Performance

NASDAQ:ALRM opened at $59.93 on Friday. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $77.29. The company has a fifty day simple moving average of $54.99 and a two-hundred day simple moving average of $61.24. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 4.24 and a beta of 0.90.

About Alarm.com

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.