MQS Management LLC Sells 3,130 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

MQS Management LLC decreased its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 33.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,293 shares of the software maker’s stock after selling 3,130 shares during the period. MQS Management LLC’s holdings in Alarm.com were worth $344,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ALRM. Parkside Financial Bank & Trust raised its stake in Alarm.com by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after buying an additional 183 shares during the last quarter. Arizona State Retirement System raised its position in shares of Alarm.com by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after purchasing an additional 232 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Alarm.com by 4.6% in the 2nd quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock worth $381,000 after purchasing an additional 266 shares in the last quarter. Swiss National Bank grew its position in Alarm.com by 0.3% during the 1st quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock valued at $6,790,000 after purchasing an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Alarm.com by 15.2% during the 1st quarter. SG Americas Securities LLC now owns 3,384 shares of the software maker’s stock valued at $245,000 after purchasing an additional 446 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Alarm.com Stock Performance

ALRM stock opened at $59.93 on Friday. The company has a market cap of $2.96 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 4.24 and a beta of 0.90. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $77.29. The stock’s fifty day moving average price is $54.99 and its 200-day moving average price is $61.24.

Insiders Place Their Bets

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

Analysts Set New Price Targets

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

Alarm.com Company 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.