HighTower Advisors LLC Sells 1,578 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

HighTower Advisors LLC lowered its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 15.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,507 shares of the software maker’s stock after selling 1,578 shares during the period. HighTower Advisors LLC’s holdings in Alarm.com were worth $459,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in ALRM. Holocene Advisors LP grew its stake in shares of Alarm.com by 108.1% in the 3rd quarter. Holocene Advisors LP now owns 58,529 shares of the software maker’s stock valued at $3,200,000 after buying an additional 30,404 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake in Alarm.com by 97.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,671 shares of the software maker’s stock valued at $146,000 after purchasing an additional 1,320 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Alarm.com by 6.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,042 shares of the software maker’s stock worth $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 3rd 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. Finally, Quantbot Technologies LP lifted its stake in Alarm.com by 25.4% in the 3rd quarter. Quantbot Technologies LP now owns 39,059 shares of the software maker’s stock worth $2,135,000 after purchasing an additional 7,918 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Stephen Trundle sold 47,500 shares of Alarm.com stock in a transaction 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. This trade represents a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen C. Evans sold 2,625 shares of the business’s stock in a transaction on 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 transaction, the director now owns 5,767 shares in the company, valued at $344,116.89. This represents a 31.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,976 shares of company stock valued at $5,576,490. Insiders own 5.60% of the company’s stock.

Alarm.com Stock Down 2.2 %

Alarm.com stock opened at $62.95 on Friday. The stock’s fifty day simple moving average is $60.58 and its 200-day simple moving average is $60.70. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $77.29. The firm has a market capitalization of $3.11 billion, a P/E ratio of 27.25, a P/E/G ratio of 4.08 and a beta of 0.97.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ALRM shares. Jefferies Financial Group started coverage on Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price for the company. 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 lowered their target price on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. The Goldman Sachs Group lifted their price objective on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Alarm.com has an average rating of “Hold” and an average price target of $64.40.

About Alarm.com

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.