Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 9.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,096 shares of the software maker’s stock after selling 11,422 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Alarm.com worth $6,183,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Alarm.com by 6.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,042 shares of the software maker’s stock valued at $604,000 after purchasing an additional 649 shares during the period. Thematics Asset Management raised its stake in shares of Alarm.com by 8.2% during the third quarter. Thematics Asset Management now owns 79,067 shares of the software maker’s stock valued at $4,323,000 after purchasing an additional 6,002 shares during the period. Quantbot Technologies LP raised its stake in shares of Alarm.com by 25.4% during the third quarter. Quantbot Technologies LP now owns 39,059 shares of the software maker’s stock valued at $2,135,000 after purchasing an additional 7,918 shares during the period. FMR LLC raised its stake in shares of Alarm.com by 129.0% during the third quarter. FMR LLC now owns 153,865 shares of the software maker’s stock valued at $8,412,000 after purchasing an additional 86,683 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Alarm.com by 18.0% in the third quarter. Bank of Montreal Can now owns 323,133 shares of the software maker’s stock worth $17,879,000 after buying an additional 49,403 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Insider Buying and Selling at Alarm.com

In other news, Director Stephen C. Evans sold 2,625 shares of the business’s stock in a transaction 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 transaction, the director now owns 5,767 shares of the company’s stock, valued at approximately $344,116.89. The trade was a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Roth Mkm dropped their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Jefferies Financial Group assumed coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. Barclays lifted their price target on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Finally, StockNews.com lowered shares of Alarm.com from a “buy” rating to a “hold” rating in a research note on Tuesday. 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Stock Down 0.3 %

ALRM stock opened at $68.06 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. Alarm.com Holdings, Inc. has a 1-year low of $51.87 and a 1-year high of $77.29. The firm has a fifty day moving average price of $58.46 and a two-hundred day moving average price of $60.63. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 4.10 and a beta of 0.97.

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.