Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Bought by Atria Investments Inc

Atria Investments Inc increased its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 14.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,640 shares of the software maker’s stock after purchasing an additional 853 shares during the quarter. Atria Investments Inc’s holdings in Alarm.com were worth $363,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALRM. State Board of Administration of Florida Retirement System boosted its holdings in Alarm.com by 24.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,971 shares of the software maker’s stock worth $1,230,000 after acquiring an additional 3,290 shares during the period. Vanguard Group Inc. boosted its stake in shares of Alarm.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker’s stock valued at $426,190,000 after buying an additional 63,653 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of Alarm.com during the 1st quarter valued at approximately $284,000. UniSuper Management Pty Ltd purchased a new position in shares of Alarm.com during the 1st quarter valued at approximately $759,000. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Alarm.com by 5.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 42,775 shares of the software maker’s stock worth $3,094,000 after purchasing an additional 2,134 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

Alarm.com Stock Performance

Shares of Alarm.com stock opened at $60.52 on Friday. 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 business has a 50-day moving average price of $55.40 and a two-hundred day moving average price of $60.99. The company has a market cap of $2.99 billion, a P/E ratio of 26.20, a PEG ratio of 3.58 and a beta of 0.90. Alarm.com Holdings, Inc. has a 1-year low of $51.87 and a 1-year high of $77.29.

Insider Transactions at Alarm.com

In related news, Director Stephen C. Evans sold 2,625 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the completion of the sale, the director now owns 5,767 shares of the company’s stock, valued at $344,116.89. This trade represents a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ALRM shares. The Goldman Sachs Group lifted their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. StockNews.com lowered Alarm.com from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Jefferies Financial Group began coverage on Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target for the company. Roth Mkm lowered their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Alarm.com presently has a consensus rating of “Hold” and a consensus target price 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.