Quantbot Technologies LP Raises Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Quantbot Technologies LP boosted its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 25.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 39,059 shares of the software maker’s stock after buying an additional 7,918 shares during the period. Quantbot Technologies LP’s holdings in Alarm.com were worth $2,135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ALRM. Parkside Financial Bank & Trust boosted its position in shares of Alarm.com by 8.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after acquiring an additional 183 shares during the last quarter. Arizona State Retirement System lifted its position in Alarm.com by 1.8% during the second quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock valued at $844,000 after purchasing an additional 232 shares during the last quarter. QRG Capital Management Inc. grew 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 buying an additional 266 shares in the last quarter. Nicolet Advisory Services LLC increased its holdings in shares of Alarm.com by 6.0% in the 3rd quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker’s stock worth $250,000 after buying an additional 272 shares during the last quarter. Finally, Huntington National Bank raised its position in shares of Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after buying an additional 367 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Alarm.com Stock Down 0.6 %

Shares of NASDAQ ALRM opened at $64.17 on Friday. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 3.88 and a beta of 0.90. The firm’s fifty day moving average is $56.31 and its 200 day moving average is $60.79. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $77.29.

Analysts Set New Price Targets

ALRM has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their target price on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Roth Mkm reduced their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Barclays boosted their target price on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 price target (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alarm.com presently has a consensus rating of “Hold” and a consensus target price of $64.40.

Insider Buying and Selling

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the completion of the sale, the director now owns 5,767 shares in the company, valued at approximately $344,116.89. This trade represents a 31.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.60% of the stock is owned by insiders.

About Alarm.com

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.