Algert Global LLC Purchases 15,809 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Algert Global LLC grew its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 187,606 shares of the software maker’s stock after purchasing an additional 15,809 shares during the quarter. Algert Global LLC owned approximately 0.38% of Alarm.com worth $10,256,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ALRM. Nicolet Advisory Services LLC lifted its holdings in Alarm.com by 6.0% in the third quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker’s stock valued at $250,000 after buying an additional 272 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Alarm.com by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock valued at $28,513,000 after acquiring an additional 7,567 shares during the last quarter. Landscape Capital Management L.L.C. lifted its stake in shares of Alarm.com by 122.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 18,342 shares of the software maker’s stock valued at $1,003,000 after purchasing an additional 10,114 shares during the period. Intech Investment Management LLC bought a new position in shares of Alarm.com in the 3rd quarter worth $811,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Alarm.com by 26.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,394 shares of the software maker’s stock worth $9,151,000 after purchasing an additional 35,491 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

Insider Buying and Selling at Alarm.com

In other news, Director Stephen C. Evans sold 2,625 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the completion of the transaction, the director now directly owns 5,767 shares of the company’s stock, valued at $344,116.89. This trade 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 the SEC website. Company insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ALRM. Jefferies Financial Group began coverage on Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price on the stock. StockNews.com lowered shares of Alarm.com from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Roth Mkm decreased their price objective on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. The Goldman Sachs Group lifted their price target 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. Finally, Barclays upped their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Alarm.com currently has an average rating of “Hold” and a consensus target price of $64.40.

Alarm.com Trading Up 2.5 %

ALRM opened at $62.32 on Friday. The stock has a market capitalization of $3.08 billion, a P/E ratio of 26.98, a P/E/G ratio of 3.64 and a beta of 0.90. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. 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 $55.53 and its 200 day simple moving average is $60.99.

Alarm.com 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.