Holocene Advisors LP Purchases 30,404 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Holocene Advisors LP raised its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 108.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,529 shares of the software maker’s stock after purchasing an additional 30,404 shares during the quarter. Holocene Advisors LP owned 0.12% of Alarm.com worth $3,200,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Oakworth Capital Inc. bought a new position in shares of Alarm.com during the third quarter valued at $38,000. Huntington National Bank lifted its holdings in Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after buying an additional 367 shares during the period. Point72 DIFC Ltd grew its position in shares of Alarm.com by 293.6% in the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after buying an additional 1,101 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Alarm.com during the 2nd quarter worth approximately $108,000. Finally, CWM LLC lifted its position in shares of Alarm.com by 42.0% in 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. 91.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ALRM shares. Jefferies Financial Group started coverage on Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target on the stock. Barclays raised their price objective on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Roth Mkm decreased their target price 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. JPMorgan Chase & Co. reissued 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, November 11th. Finally, StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Alarm.com has an average rating of “Hold” and a consensus target price of $64.40.

Alarm.com Price Performance

Shares of NASDAQ ALRM opened at $67.95 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 $57.64 and a 200-day moving average of $60.72. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. The stock has a market cap of $3.36 billion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 3.95 and a beta of 0.97.

Insider Transactions at Alarm.com

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the transaction, the director now directly owns 5,767 shares in the company, valued at $344,116.89. This represents a 31.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.60% of the company’s stock.

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.