Quantbot Technologies LP Buys 7,918 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Quantbot Technologies LP increased its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 25.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,059 shares of the software maker’s stock after buying an additional 7,918 shares during the period. Quantbot Technologies LP owned 0.08% of Alarm.com worth $2,135,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oakworth Capital Inc. bought a new stake in shares of Alarm.com during the third quarter valued at approximately $38,000. Huntington National Bank grew its position in Alarm.com by 52.4% in the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after purchasing an additional 367 shares during the period. Point72 DIFC Ltd increased its stake in Alarm.com by 293.6% during the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after purchasing an additional 1,101 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Alarm.com during the second quarter worth $108,000. Finally, CWM LLC lifted its stake 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 valued at $133,000 after buying an additional 618 shares in the last quarter. 91.74% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Stephen C. Evans sold 2,625 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total transaction of $156,633.75. Following the sale, the director now directly owns 5,767 shares in the company, valued at approximately $344,116.89. The trade was a 31.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group started coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price on the stock. The Goldman Sachs Group increased their price target on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Barclays increased their target price on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, 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 report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Alarm.com has an average rating of “Hold” and a consensus target price of $64.40.

Alarm.com Stock Down 0.6 %

ALRM opened at $64.17 on Friday. Alarm.com Holdings, Inc. has a 12 month low of $51.87 and a 12 month high of $77.29. The company has a market cap of $3.17 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 3.88 and a beta of 0.90. 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 has a 50 day moving average of $56.31 and a 200 day moving average of $60.79.

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.