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

GSA Capital Partners LLP increased its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 350.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,209 shares of the software maker’s stock after purchasing 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 SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. purchased a new stake in shares of Alarm.com in the third quarter valued at approximately $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 period. Canada Pension Plan Investment Board purchased a new stake in shares of Alarm.com during the 2nd quarter worth $108,000. CWM LLC grew its stake in shares of Alarm.com by 42.0% during the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after purchasing an additional 618 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Alarm.com by 8.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after purchasing an additional 183 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Insider Activity at Alarm.com

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ALRM shares. Barclays increased their target price on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 price objective (down from $65.00) on shares of Alarm.com in a research note on Monday. Jefferies Financial Group initiated coverage on Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price on the stock. Roth Mkm dropped their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, StockNews.com lowered shares of Alarm.com from a “buy” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $64.40.

Alarm.com Price Performance

ALRM opened at $59.93 on Friday. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $77.29. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 4.24 and a beta of 0.90. The company has a fifty day simple moving average of $54.99 and a 200 day simple moving average of $61.24.

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.