KBC Group NV Buys 622 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

KBC Group NV raised its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 47.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,920 shares of the software maker’s stock after buying an additional 622 shares during the period. KBC Group NV’s holdings in Alarm.com were worth $117,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Disciplined Growth Investors Inc. MN lifted its holdings in Alarm.com by 6.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock valued at $157,168,000 after buying an additional 163,851 shares during the period. Geneva Capital Management LLC increased its position in Alarm.com by 0.8% in the 3rd quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker’s stock valued at $71,480,000 after buying an additional 10,630 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Alarm.com by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock worth $28,513,000 after buying an additional 7,567 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Alarm.com by 2.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker’s stock worth $23,786,000 after acquiring an additional 9,935 shares in the last quarter. Finally, DF Dent & Co. Inc. grew its stake in Alarm.com by 23.3% in the third quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker’s stock valued at $19,648,000 after acquiring an additional 67,824 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ALRM shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. 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. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. Jefferies Financial Group started coverage on Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price on the stock. Finally, The Goldman Sachs Group increased their price target on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One investment 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 price target of $64.40.

Alarm.com Trading Down 1.5 %

Alarm.com stock opened at $62.41 on Friday. The firm’s fifty day moving average price is $63.04 and its 200-day moving average price is $60.13. The stock has a market cap of $3.08 billion, a P/E ratio of 27.02, a PEG ratio of 3.66 and a beta of 0.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $77.29.

Insider Buying and Selling

In related news, Director Stephen C. Evans sold 2,625 shares of the 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen Trundle sold 47,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total value of $3,238,550.00. Following the transaction, the chief executive officer now owns 252,682 shares in the company, valued at approximately $17,227,858.76. The trade was a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,976 shares of company stock worth $5,576,490. Corporate 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.