Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by US Bancorp DE

US Bancorp DE reduced its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 8.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,333 shares of the software maker’s stock after selling 808 shares during the quarter. US Bancorp DE’s holdings in Alarm.com were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new position in Alarm.com in the third quarter valued at $38,000. Point72 DIFC Ltd increased its stake in Alarm.com by 293.6% in the second 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 during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Alarm.com during the second quarter worth about $108,000. CWM LLC raised its holdings in shares of Alarm.com by 42.0% in the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after purchasing an additional 618 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Alarm.com by 8.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after purchasing an additional 183 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Alarm.com Price Performance

ALRM stock opened at $61.37 on Tuesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $77.29. The firm has a market cap of $3.02 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 3.81 and a beta of 0.90. The stock has a 50-day simple moving average of $54.85 and a 200-day simple moving average of $61.29.

Analyst Ratings Changes

A number of research firms have recently commented on ALRM. Jefferies Financial Group began coverage on Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price objective on the stock. StockNews.com downgraded Alarm.com from a “buy” rating to a “hold” rating in a report on Monday. Roth Mkm cut their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. The Goldman Sachs Group raised their price objective on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Barclays raised their price objective on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $64.40.

Alarm.com Company 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.