Barclays PLC lifted its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 323.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,402 shares of the software maker's stock after acquiring an additional 69,804 shares during the period. Barclays PLC owned 0.18% of Alarm.com worth $4,997,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Alarm.com by 6.2% in the 2nd 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 period. Geneva Capital Management LLC boosted its stake in shares of Alarm.com by 0.8% during the 3rd quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker's stock worth $71,480,000 after purchasing an additional 10,630 shares during the period. Dimensional Fund Advisors LP grew its holdings in Alarm.com by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker's stock valued at $73,889,000 after purchasing an additional 42,281 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Alarm.com by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker's stock worth $28,513,000 after purchasing an additional 7,567 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Alarm.com by 15.8% during the second quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker's stock valued at $30,051,000 after buying an additional 64,424 shares during the period. Hedge funds and other institutional investors own 91.74% of the company's stock.
A number of equities analysts recently issued reports on ALRM shares. The Goldman Sachs Group boosted their price objective on Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Barclays raised their price target on shares of Alarm.com from $60.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. StockNews.com upgraded shares of Alarm.com from a "hold" rating to a "buy" rating in a research note on Wednesday. Jefferies Financial Group initiated coverage on Alarm.com in a research note on Tuesday, November 5th. They issued a "buy" rating and a $65.00 price objective on the stock. Finally, Roth Mkm decreased their target price 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. 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 company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $64.40.
Check Out Our Latest Report on Alarm.com
NASDAQ ALRM opened at $62.95 on Friday. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $77.29. The firm's fifty day simple moving average is $60.58 and its two-hundred day simple moving average is $60.71. 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 capitalization of $3.11 billion, a P/E ratio of 27.25, a P/E/G ratio of 4.08 and a beta of 0.97.
In related news, insider Daniel Kerzner sold 32,851 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $66.40, for a total value of $2,181,306.40. Following the completion of the transaction, the insider now owns 59,668 shares in the company, valued at $3,961,955.20. This trade represents a 35.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen C. Evans sold 2,625 shares of the stock in a transaction dated Wednesday, November 20th. The shares were 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 $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,976 shares of company stock worth $5,576,490 over the last 90 days. 5.60% of the stock is currently owned by corporate insiders.
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.
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