Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 521,543 shares of the software maker’s stock after acquiring an additional 7,567 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.06% of Alarm.com worth $28,513,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ALRM. Oakworth Capital Inc. purchased a new stake in shares of Alarm.com in the 3rd quarter valued at approximately $38,000. Huntington National Bank grew its stake in shares of 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 buying an additional 367 shares during the period. Point72 DIFC Ltd grew its stake in shares of Alarm.com by 293.6% in the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after buying an additional 1,101 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Alarm.com in the 2nd quarter valued at approximately $108,000. Finally, CWM LLC grew its stake 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 valued at $133,000 after buying an additional 618 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

Insiders Place Their Bets

In other news, Director Stephen C. Evans sold 2,625 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total value of $156,633.75. Following the sale, the director now directly owns 5,767 shares in the company, valued at approximately $344,116.89. This trade represents a 31.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ALRM shares. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. Roth Mkm lowered their price objective on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Jefferies Financial Group started coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective for the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Finally, Barclays increased their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Alarm.com has a consensus rating of “Hold” and a consensus target price of $64.40.

Alarm.com Price Performance

Alarm.com stock opened at $68.81 on Thursday. The firm has a market cap of $3.40 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 3.87 and a beta of 0.97. Alarm.com Holdings, Inc. has a 52-week low of $51.87 and a 52-week high of $77.29. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average is $57.36 and its two-hundred day moving average is $60.67.

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.