Aigen Investment Management LP Makes New $558,000 Investment in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Aigen Investment Management LP acquired a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,208 shares of the software maker’s stock, valued at approximately $558,000.

Several other large investors have also modified their holdings of ALRM. Oakworth Capital Inc. purchased a new stake in shares of Alarm.com during the third quarter valued at $38,000. Point72 DIFC Ltd lifted its stake in Alarm.com by 293.6% during the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after buying an additional 1,101 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Alarm.com in the second quarter worth about $108,000. CWM LLC increased its position in shares of Alarm.com by 42.0% in 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 in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of 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 acquiring an additional 183 shares during the period. 91.74% of the stock is owned by institutional investors.

Alarm.com Trading Up 0.7 %

NASDAQ:ALRM opened at $60.95 on Thursday. The company has a market capitalization of $3.01 billion, a P/E ratio of 26.39, a P/E/G ratio of 4.24 and a beta of 0.90. The stock’s 50 day moving average price is $54.95 and its 200 day moving average price is $61.25. 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 Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $77.29.

Insiders Place Their Bets

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares of the company’s stock, valued at $2,540,391. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the sale, the insider now directly owns 41,100 shares in the company, valued at $2,540,391. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,260,125. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

ALRM has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price on the stock. JPMorgan Chase & Co. reissued 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. Roth Mkm lowered 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. The Goldman Sachs Group increased 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 note on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $64.40.

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.