CenterBook Partners LP bought a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM – Free Report) during the fourth quarter, Holdings Channel reports. The firm bought 19,733 shares of the software maker’s stock, valued at approximately $1,007,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of ALRM. Northwestern Mutual Wealth Management Co. grew its position in Alarm.com by 101,569.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 947,556 shares of the software maker’s stock worth $48,344,000 after purchasing an additional 946,624 shares during the last quarter. SG Americas Securities LLC grew its position in Alarm.com by 1,540.0% in the 4th quarter. SG Americas Securities LLC now owns 260,923 shares of the software maker’s stock worth $13,312,000 after purchasing an additional 245,013 shares during the last quarter. Millennium Management LLC grew its position in Alarm.com by 112.4% in the 3rd quarter. Millennium Management LLC now owns 236,006 shares of the software maker’s stock worth $12,527,000 after purchasing an additional 124,911 shares during the last quarter. Norges Bank acquired a new stake in Alarm.com in the 4th quarter worth $6,062,000. Finally, Franklin Resources Inc. grew its position in Alarm.com by 1,380.1% in the 3rd quarter. Franklin Resources Inc. now owns 110,181 shares of the software maker’s stock worth $5,848,000 after purchasing an additional 102,737 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.
Alarm.com Stock Up 1.7%
ALRM opened at $46.15 on Thursday. Alarm.com Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $59.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 5.16 and a quick ratio of 4.55. The firm’s fifty day moving average price is $44.54 and its two-hundred day moving average price is $47.55. The company has a market capitalization of $2.28 billion, a P/E ratio of 19.15, a P/E/G ratio of 1.52 and a beta of 0.79.
Insider Buying and Selling
In other Alarm.com news, insider Daniel Kerzner sold 3,944 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $43.78, for a total value of $172,668.32. Following the sale, the insider directly owned 101,141 shares in the company, valued at $4,427,952.98. This represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Christopher Bradley sold 1,510 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $45.97, for a total value of $69,414.70. Following the transaction, the chief financial officer owned 51,546 shares of the company’s stock, valued at $2,369,569.62. This represents a 2.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 20,479 shares of company stock worth $898,465 over the last 90 days. Corporate insiders own 4.80% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Alarm.com from $55.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 18th. Wall Street Zen raised Alarm.com from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Barclays boosted their price objective on Alarm.com from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Zacks Research lowered Alarm.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alarm.com in a research report on Friday, April 24th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $47.50.
View Our Latest Stock Report on Alarm.com
Alarm.com Profile
Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company’s interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.
Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.
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Want to see what other hedge funds are holding ALRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alarm.com Holdings, Inc. (NASDAQ:ALRM – Free Report).
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