Harbor Investment Advisory LLC Decreases Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Harbor Investment Advisory LLC reduced its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 27.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,351 shares of the software maker’s stock after selling 500 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Alarm.com were worth $82,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALRM. Oakworth Capital Inc. purchased a new position in Alarm.com during the 3rd quarter worth approximately $38,000. Quarry LP raised its position in Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock worth $39,000 after buying an additional 525 shares during the last quarter. Huntington National Bank raised its position 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 last quarter. GAMMA Investing LLC raised its position in Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after buying an additional 238 shares during the last quarter. Finally, Point72 DIFC Ltd raised its position in Alarm.com by 293.6% during the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after buying an additional 1,101 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alarm.com

In related news, CEO Stephen Trundle sold 47,500 shares of Alarm.com stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total value of $3,238,550.00. Following the sale, the chief executive officer now owns 252,682 shares of the company’s stock, valued at approximately $17,227,858.76. This trade represents a 15.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Kerzner sold 32,851 shares of Alarm.com stock in a transaction on Friday, December 13th. The shares were sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the completion of the sale, the insider now directly owns 59,668 shares in the company, valued at $3,961,955.20. This represents a 35.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,976 shares of company stock valued at $5,576,490. 5.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on ALRM shares. 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 report on Friday, November 8th. Jefferies Financial Group started coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target for the company. The Goldman Sachs Group raised 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. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 target price (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $64.40.

Alarm.com Price Performance

Alarm.com stock opened at $61.72 on Thursday. The company’s fifty day moving average price is $63.01 and its 200 day moving average price is $60.45. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $77.29. The stock has a market capitalization of $3.05 billion, a P/E ratio of 26.72, a P/E/G ratio of 3.70 and a beta of 0.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66.

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.