Amalgamated Bank Cuts Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Amalgamated Bank trimmed its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,478 shares of the software maker’s stock after selling 778 shares during the period. Amalgamated Bank’s holdings in Alarm.com were worth $792,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SG Americas Securities LLC raised its holdings in Alarm.com by 15.2% in the 1st quarter. SG Americas Securities LLC now owns 3,384 shares of the software maker’s stock worth $245,000 after purchasing an additional 446 shares in the last quarter. Swiss National Bank raised its stake in Alarm.com by 0.3% during the first quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock valued at $6,790,000 after buying an additional 300 shares during the last quarter. Sei Investments Co. boosted its holdings in Alarm.com by 8.6% in the first quarter. Sei Investments Co. now owns 149,464 shares of the software maker’s stock worth $10,831,000 after acquiring an additional 11,776 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Alarm.com by 7.3% in the first quarter. ProShare Advisors LLC now owns 9,706 shares of the software maker’s stock worth $703,000 after acquiring an additional 662 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Alarm.com by 24.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,971 shares of the software maker’s stock worth $1,230,000 after acquiring an additional 3,290 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Alarm.com Trading Down 1.7 %

Shares of ALRM stock opened at $59.93 on Friday. The stock has a market capitalization of $2.96 billion, a P/E ratio of 25.94, a P/E/G ratio of 4.24 and a beta of 0.90. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The firm’s 50 day moving average is $54.99 and its 200 day moving average is $61.24. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $77.29.

Insider Transactions at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the transaction, the insider now owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. This represents a 16.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

ALRM has been the topic of a number of analyst reports. Barclays upped their price target on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Roth Mkm cut their price target on shares of 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 boosted their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 target price (down from $65.00) on shares of Alarm.com in a research note on Monday. Finally, Jefferies Financial Group started coverage on Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.40.

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.