American Capital Management Inc. Has $7.28 Million Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

American Capital Management Inc. cut its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 133,243 shares of the software maker’s stock after selling 953 shares during the quarter. American Capital Management Inc.’s holdings in Alarm.com were worth $7,284,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ALRM. Assenagon Asset Management S.A. lifted its stake in Alarm.com by 230.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock valued at $20,844,000 after acquiring an additional 265,936 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Alarm.com by 2,394.6% in the second quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock valued at $17,406,000 after purchasing an additional 262,757 shares during the last quarter. M&G PLC bought a new position in shares of Alarm.com during the third quarter valued at about $9,583,000. Disciplined Growth Investors Inc. MN boosted its holdings in Alarm.com by 6.2% during the second quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker’s stock worth $172,257,000 after purchasing an additional 158,465 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Alarm.com by 1,729.4% in the 2nd quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker’s stock worth $7,512,000 after purchasing an additional 111,768 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

Insider Transactions at Alarm.com

In other news, Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the completion of the transaction, the director now directly owns 5,767 shares in the company, valued at approximately $344,116.89. The trade was a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ALRM shares. The Goldman Sachs Group lifted their target price on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Barclays lifted their price target on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Jefferies Financial Group began coverage on Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price on the stock. Finally, Roth Mkm reduced their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Stock Up 1.5 %

ALRM stock opened at $65.14 on Friday. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $77.29. The stock has a fifty day moving average of $56.68 and a 200-day moving average of $60.74. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 3.84 and a beta of 0.90. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66.

Alarm.com Company 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.