Mutual of America Capital Management LLC Sells 842 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Mutual of America Capital Management LLC cut its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 10.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,408 shares of the software maker’s stock after selling 842 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Alarm.com were worth $405,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ALRM. Assenagon Asset Management S.A. lifted its holdings in shares of Alarm.com by 230.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock valued at $20,844,000 after purchasing an additional 265,936 shares in the last quarter. Bank of Montreal Can boosted its position in Alarm.com by 2,394.6% during the 2nd quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock worth $17,406,000 after acquiring an additional 262,757 shares during the last quarter. M&G PLC bought a new position in shares of Alarm.com during the 3rd quarter worth approximately $9,583,000. Disciplined Growth Investors Inc. MN boosted its stake in shares of Alarm.com by 6.2% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker’s stock worth $172,257,000 after buying an additional 158,465 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Alarm.com by 1,729.4% in the 2nd quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker’s stock valued at $7,512,000 after acquiring an additional 111,768 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Price Performance

Shares of NASDAQ ALRM opened at $64.17 on Thursday. Alarm.com Holdings, Inc. has a 1-year low of $51.87 and a 1-year high of $77.29. 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’s 50 day moving average is $56.09 and its 200-day moving average is $60.76. The firm has a market cap of $3.17 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 3.88 and a beta of 0.90.

Insiders Place Their Bets

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of the stock in a transaction dated Wednesday, November 20th. The shares were 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 $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

ALRM has been the topic of a number of recent research reports. Barclays lifted their target price on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. restated an “underweight” rating and set a $50.00 target price (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Jefferies Financial Group assumed coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price objective for the company. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Roth Mkm reduced their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.