SG Americas Securities LLC Grows Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

SG Americas Securities LLC grew its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 61.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,473 shares of the software maker’s stock after purchasing an additional 3,992 shares during the quarter. SG Americas Securities LLC’s holdings in Alarm.com were worth $637,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Alarm.com by 29.5% during the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after buying an additional 238 shares during the period. Nicolet Advisory Services LLC increased its stake in shares of Alarm.com by 6.0% in the 3rd quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker’s stock valued at $250,000 after purchasing an additional 272 shares in the last quarter. Huntington National Bank increased 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 purchasing an additional 367 shares in the last quarter. Quarry LP increased its stake in shares of Alarm.com by 291.7% in the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after purchasing an additional 525 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Alarm.com by 134.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after purchasing an additional 539 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on ALRM shares. Roth Mkm dropped their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Jefferies Financial Group began 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. JPMorgan Chase & Co. restated an “underweight” rating and set a $50.00 price objective (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Barclays increased their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group upped their price target on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $64.40.

Alarm.com Stock Performance

Shares of Alarm.com stock opened at $61.25 on Friday. The business’s 50 day moving average price is $63.23 and its 200 day moving average price is $60.34. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 3.72 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 one year low of $51.87 and a one year high of $77.29.

Insiders Place Their Bets

In related news, Director Stephen C. Evans sold 2,625 shares of the business’s stock in a transaction dated 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. The trade was a 31.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen Trundle sold 47,500 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the transaction, the chief executive officer now directly owns 252,682 shares of the company’s stock, valued at approximately $17,227,858.76. This trade represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,976 shares of company stock valued at $5,576,490 in the last three months. 5.60% of the stock is currently owned by insiders.

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.