Atomi Financial Group Inc. Makes New $259,000 Investment in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Atomi Financial Group Inc. purchased a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,264 shares of the software maker’s stock, valued at approximately $259,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oakworth Capital Inc. purchased a new stake in shares of Alarm.com during the 3rd quarter worth about $38,000. Quarry LP boosted its stake in shares of Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock worth $39,000 after acquiring an additional 525 shares in the last quarter. Huntington National Bank boosted its stake in shares of Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after acquiring an additional 367 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after acquiring an additional 238 shares in the last quarter. Finally, Point72 DIFC Ltd boosted its stake in shares of Alarm.com by 293.6% during the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after acquiring an additional 1,101 shares in the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Price Performance

Alarm.com stock opened at $61.46 on Monday. The stock has a market cap of $3.04 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 3.72 and a beta of 0.98. The company has a fifty day simple moving average of $63.09 and a 200-day simple moving average of $60.39. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ALRM shares. Roth Mkm lowered their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Barclays raised their price target on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. The Goldman Sachs Group raised their price target 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. Finally, Jefferies Financial Group started 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 on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $64.40.

Insider Activity at Alarm.com

In other news, insider Daniel Kerzner sold 32,851 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the transaction, the insider now directly owns 59,668 shares in the company, valued at $3,961,955.20. The trade was a 35.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen C. Evans sold 2,625 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total transaction of $156,633.75. Following the transaction, the director now owns 5,767 shares in the company, valued at $344,116.89. The trade was a 31.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,976 shares of company stock valued at $5,576,490 over the last ninety days. Insiders own 5.60% of the company’s stock.

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.