Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 18.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,220 shares of the software maker’s stock after selling 2,906 shares during the quarter. Stifel Financial Corp’s holdings in Alarm.com were worth $723,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oakworth Capital Inc. purchased a new stake in Alarm.com during the 3rd quarter worth about $38,000. Quarry LP boosted its position 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 during the period. Huntington National Bank increased its position in Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after buying an additional 367 shares during the period. Point72 DIFC Ltd boosted its holdings in shares of Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after acquiring an additional 1,101 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Alarm.com during the second quarter worth approximately $108,000. 91.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on ALRM. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 price objective (down from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Jefferies Financial Group initiated coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target for the company. Roth Mkm decreased their price objective on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. Finally, Barclays increased their price objective on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. One 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 company. Based on data from MarketBeat.com, Alarm.com presently has a consensus rating of “Hold” and a consensus target price of $64.40.

Alarm.com Stock Performance

Shares of ALRM stock opened at $62.30 on Thursday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 4.08 and a beta of 0.97. 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 price of $60.90 and a 200 day moving average price of $60.67.

Insider Activity

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total value of $156,633.75. Following the completion of the sale, the director now owns 5,767 shares of the company’s stock, valued at $344,116.89. This trade represents a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Kerzner sold 32,851 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the transaction, the insider now directly owns 59,668 shares in the company, valued at approximately $3,961,955.20. The trade was a 35.51 % decrease in their ownership of the stock. 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 ninety days. Company insiders own 5.60% of the company’s stock.

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.