Point72 Asia Singapore Pte. Ltd. Buys 1,320 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Point72 Asia Singapore Pte. Ltd. lifted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 97.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,671 shares of the software maker’s stock after buying an additional 1,320 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Alarm.com were worth $146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its stake in shares of Alarm.com by 8.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after buying an additional 183 shares during the period. Arizona State Retirement System lifted its stake in Alarm.com by 1.8% during the second quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after purchasing an additional 232 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Alarm.com by 4.6% during the second quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock worth $381,000 after purchasing an additional 266 shares during the last quarter. Nicolet Advisory Services LLC lifted its stake in Alarm.com by 6.0% during the third quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker’s stock worth $250,000 after purchasing an additional 272 shares during the last quarter. Finally, Huntington National Bank lifted its stake 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 purchasing an additional 367 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Stock Performance

NASDAQ ALRM opened at $68.81 on Thursday. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 3.87 and a beta of 0.97. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $77.29. The stock has a fifty day simple moving average of $57.36 and a 200 day simple moving average of $60.67. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42.

Insider Activity at Alarm.com

In related news, Director Stephen C. Evans sold 2,625 shares of the stock in a transaction on Wednesday, November 20th. The stock was 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 directly owns 5,767 shares in the company, valued at $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ALRM shares. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Roth Mkm cut 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. Barclays increased their price target 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. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Finally, The Goldman Sachs Group increased their price target on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $64.40.

Alarm.com Company 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.