PNC Financial Services Group Inc. lessened its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM – Free Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,798 shares of the software maker’s stock after selling 222 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Alarm.com were worth $1,602,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALRM. Operose Advisors LLC bought a new position in shares of Alarm.com in the third quarter valued at approximately $26,000. Signaturefd LLC raised its position in shares of Alarm.com by 474.7% in the third quarter. Signaturefd LLC now owns 500 shares of the software maker’s stock valued at $31,000 after purchasing an additional 413 shares during the period. GAMMA Investing LLC bought a new position in shares of Alarm.com in the fourth quarter valued at approximately $31,000. Pacer Advisors Inc. bought a new position in shares of Alarm.com in the fourth quarter valued at approximately $39,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Alarm.com by 10.5% in the third quarter. Parkside Financial Bank & Trust now owns 2,642 shares of the software maker’s stock valued at $162,000 after purchasing an additional 250 shares during the period. Institutional investors own 91.74% of the company’s stock.
Alarm.com Stock Down 0.4 %
ALRM opened at $67.11 on Tuesday. Alarm.com Holdings, Inc. has a fifty-two week low of $48.01 and a fifty-two week high of $77.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.51 and a quick ratio of 5.03. The firm’s fifty day moving average price is $68.74 and its two-hundred day moving average price is $65.54. The company has a market capitalization of $3.37 billion, a P/E ratio of 39.71, a P/E/G ratio of 3.30 and a beta of 0.94.
Insiders Place Their Bets
In other Alarm.com news, CFO Steve Valenzuela sold 832 shares of Alarm.com stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $74.58, for a total transaction of $62,050.56. Following the sale, the chief financial officer now owns 37,500 shares in the company, valued at $2,796,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Alarm.com news, CFO Steve Valenzuela sold 832 shares of Alarm.com stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $74.58, for a total transaction of $62,050.56. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,796,750. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Ramos sold 1,418 shares of Alarm.com stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total value of $99,260.00. Following the transaction, the insider now directly owns 38,282 shares of the company’s stock, valued at $2,679,740. The disclosure for this sale can be found here. Insiders have sold 14,266 shares of company stock worth $1,040,254 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently commented on ALRM. Barclays lifted their price target on shares of Alarm.com from $66.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. William Blair raised shares of Alarm.com to a “hold” rating in a research report on Thursday, May 9th. StockNews.com upgraded shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. TheStreet upgraded shares of Alarm.com from a “c+” rating to a “b-” rating in a research note on Friday, February 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.83.
View Our Latest Stock Report on Alarm.com
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.
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Source: defenseworld.net
