Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 134.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 939 shares of the software maker’s stock after acquiring an additional 539 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Alarm.com were worth $57,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Centaurus Financial Inc. increased its holdings in shares of Alarm.com by 3.7% during the third quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker’s stock valued at $12,937,000 after purchasing an additional 8,456 shares during the period. Victory Capital Management Inc. increased its stake in Alarm.com by 369.7% during the 3rd quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker’s stock valued at $3,802,000 after buying an additional 54,738 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Alarm.com during the 3rd quarter worth about $1,322,000. Atomi Financial Group Inc. acquired a new stake in shares of Alarm.com in the 4th quarter worth approximately $259,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Alarm.com by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock valued at $28,513,000 after acquiring an additional 7,567 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Insider Activity

In other Alarm.com news, CEO Stephen Trundle sold 47,500 shares of Alarm.com 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 owns 252,682 shares of the company’s stock, valued at $17,227,858.76. The trade was a 15.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel Kerzner sold 32,851 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $66.40, for a total value of $2,181,306.40. Following the completion of the transaction, the insider now owns 59,668 shares in the company, valued at $3,961,955.20. This represents a 35.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,976 shares of company stock worth $5,576,490 over the last quarter. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

ALRM has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their target price on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Roth Mkm decreased their target price on 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 began coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target on the stock. Barclays raised their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $50.00 target price (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Alarm.com currently has a consensus rating of “Hold” and a consensus price target of $64.40.

Alarm.com Stock Performance

Shares of ALRM opened at $60.67 on Friday. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $77.29. The company has a 50-day moving average of $63.20 and a two-hundred day moving average of $60.30. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 3.69 and a beta of 0.98.

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.