Quantinno Capital Management LP increased its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM – Free Report) by 111.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,705 shares of the software maker’s stock after buying an additional 10,370 shares during the quarter. Quantinno Capital Management LP’s holdings in Alarm.com were worth $851,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Amundi grew its position in shares of Alarm.com by 6.8% during the first quarter. Amundi now owns 17,532 shares of the software maker’s stock worth $920,000 after acquiring an additional 1,113 shares during the last quarter. AQR Capital Management LLC raised its position in Alarm.com by 7.8% in the 1st quarter. AQR Capital Management LLC now owns 59,005 shares of the software maker’s stock valued at $3,284,000 after purchasing an additional 4,246 shares during the last quarter. Woodline Partners LP acquired a new stake in Alarm.com during the 1st quarter worth $514,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Alarm.com by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,200 shares of the software maker’s stock worth $7,301,000 after purchasing an additional 6,080 shares during the period. Finally, Jane Street Group LLC boosted its stake in Alarm.com by 610.0% during the 1st quarter. Jane Street Group LLC now owns 114,715 shares of the software maker’s stock worth $6,384,000 after purchasing an additional 98,557 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.
Alarm.com Stock Performance
Shares of ALRM stock opened at $55.00 on Tuesday. The company has a current ratio of 4.96, a quick ratio of 4.38 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $50.78 and a 200-day simple moving average of $47.37. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.86 and a beta of 0.76. Alarm.com Holdings, Inc. has a 12-month low of $41.49 and a 12-month high of $59.53.
Insiders Place Their Bets
In other news, insider Daniel Ramos sold 2,000 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.50, for a total value of $93,000.00. Following the completion of the transaction, the insider owned 53,099 shares in the company, valued at $2,469,103.50. This trade represents a 3.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kevin Christopher Bradley sold 5,400 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $55.07, for a total transaction of $297,378.00. Following the completion of the transaction, the chief financial officer owned 78,222 shares of the company’s stock, valued at $4,307,685.54. This represents a 6.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,873 shares of company stock worth $1,446,228 in the last ninety days. 4.80% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Barclays lifted their price objective on shares of Alarm.com from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Wall Street Zen raised Alarm.com from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings upgraded Alarm.com from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $65.00 price objective on shares of Alarm.com in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $55.00.
Check Out Our Latest Analysis on ALRM
About Alarm.com
Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company’s interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.
Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.
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