Renaissance Technologies LLC cut its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Rating) by 22.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,600 shares of the software maker’s stock after selling 55,500 shares during the quarter. Renaissance Technologies LLC owned about 0.39% of Alarm.com worth $12,492,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in Alarm.com by 116.4% in the 3rd quarter. Bessemer Group Inc. now owns 632 shares of the software maker’s stock worth $41,000 after purchasing an additional 340 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Alarm.com by 22.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,110 shares of the software maker’s stock worth $72,000 after purchasing an additional 204 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Alarm.com by 1,402.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,337 shares of the software maker’s stock worth $87,000 after buying an additional 1,248 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Alarm.com in the 2nd quarter worth about $92,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Alarm.com by 73.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,706 shares of the software maker’s stock worth $110,000 after buying an additional 720 shares during the period. 91.93% of the stock is currently owned by institutional investors.
Alarm.com Stock Performance
Shares of ALRM stock opened at $51.49 on Friday. Alarm.com Holdings, Inc. has a one year low of $46.94 and a one year high of $78.99. The company’s 50-day moving average is $52.01 and its 200 day moving average is $57.27. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 47.68, a price-to-earnings-growth ratio of 5.50 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.70 and a current ratio of 5.40.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on ALRM shares. Maxim Group reduced their target price on shares of Alarm.com from $75.00 to $70.00 in a research report on Monday, February 27th. TheStreet downgraded shares of Alarm.com from a “b-” rating to a “c” rating in a research report on Wednesday, November 9th. Raymond James reduced their target price on shares of Alarm.com from $83.00 to $65.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, November 9th. Roth Capital reduced their target price on shares of Alarm.com from $81.00 to $65.00 in a research report on Wednesday, November 9th. Finally, Barclays reduced their target price on shares of Alarm.com from $70.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 8th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.20.
Insider Activity
In other news, CFO Steve Valenzuela sold 478 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $56.01, for a total transaction of $26,772.78. Following the sale, the chief financial officer now owns 35,831 shares of the company’s stock, valued at approximately $2,006,894.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.50% of the company’s stock.
Alarm.com Company Profile
Alarm.com Holdings, Inc engages in the provision of wireless and web-enabled security system technology. The firm offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions.
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