GAMMA Investing LLC Purchases 108,252 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

GAMMA Investing LLC grew its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 10,359.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,297 shares of the software maker’s stock after purchasing an additional 108,252 shares during the period. GAMMA Investing LLC owned about 0.22% of Alarm.com worth $6,082,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ALRM. Centaurus Financial Inc. increased its stake in Alarm.com by 3.8% in the fourth quarter. Centaurus Financial Inc. now owns 245,671 shares of the software maker’s stock valued at $14,937,000 after acquiring an additional 9,027 shares during the period. Jefferies Financial Group Inc. increased its stake in Alarm.com by 818.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 116,452 shares of the software maker’s stock valued at $7,080,000 after acquiring an additional 103,777 shares during the period. Mackenzie Financial Corp increased its stake in Alarm.com by 13.3% in the fourth quarter. Mackenzie Financial Corp now owns 20,611 shares of the software maker’s stock valued at $1,253,000 after acquiring an additional 2,423 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Alarm.com in the fourth quarter valued at about $2,894,000. Finally, Burgundy Asset Management Ltd. bought a new stake in Alarm.com in the fourth quarter valued at about $42,490,000. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Trading Up 1.4%

ALRM opened at $59.11 on Tuesday. The firm’s fifty day moving average is $54.74 and its two-hundred day moving average is $59.11. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The firm has a market cap of $2.94 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $71.98.

Insiders Place Their Bets

In other news, CEO Stephen Trundle sold 3,644 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $56.66, for a total transaction of $206,469.04. Following the completion of the sale, the chief executive officer now owns 268,859 shares of the company’s stock, valued at $15,233,550.94. This represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,191,875. This represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,334 shares of company stock worth $2,290,118. Company insiders own 5.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ALRM. The Goldman Sachs Group reduced their price target on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Barclays reduced their price target on shares of Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Finally, Raymond James reduced their price target on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.33.

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.