Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lessened its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,437 shares of the software maker’s stock after selling 685 shares during the period. Martingale Asset Management L P owned 0.07% of Alarm.com worth $1,992,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ALRM. Oakworth Capital Inc. acquired a new position in shares of Alarm.com in the third quarter valued at approximately $38,000. 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. Point72 DIFC Ltd lifted its stake in shares of Alarm.com by 293.6% in the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after acquiring an additional 1,101 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Alarm.com in the 2nd quarter worth $108,000. Finally, CWM LLC increased its stake in shares of Alarm.com by 42.0% during the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after acquiring an additional 618 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a report on Monday, November 25th. The Goldman Sachs Group lifted their price target on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Barclays raised their target price on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Roth Mkm lowered their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group initiated coverage on shares of Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $64.40.

Alarm.com Price Performance

Shares of NASDAQ ALRM opened at $65.14 on Friday. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The company’s 50-day moving average price is $56.68 and its 200 day moving average price is $60.74. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $77.29. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 3.84 and a beta of 0.90.

Insider Activity

In other news, Director Stephen C. Evans sold 2,625 shares of the company’s stock in a transaction 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 sale, the director now directly owns 5,767 shares in the company, valued at $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. 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.

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.