Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 32.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,886 shares of the software maker’s stock after purchasing an additional 3,413 shares during the quarter. SG Americas Securities LLC’s holdings in Alarm.com were worth $773,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Alarm.com in the fourth quarter valued at approximately $25,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Alarm.com in the fourth quarter valued at approximately $36,000. Quarry LP grew its position in shares of Alarm.com by 43.0% in the fourth quarter. Quarry LP now owns 1,008 shares of the software maker’s stock valued at $61,000 after purchasing an additional 303 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Alarm.com by 305.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock valued at $63,000 after purchasing an additional 779 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Alarm.com by 87.9% in the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker’s stock valued at $109,000 after purchasing an additional 919 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alarm.com news, insider Daniel Ramos sold 7,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $57.68, for a total transaction of $403,760.00. Following the transaction, the insider now owns 42,192 shares of the company’s stock, valued at $2,433,634.56. This trade represents a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel Kerzner sold 932 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the transaction, the insider now directly owns 58,736 shares in the company, valued at approximately $3,259,260.64. This represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,898 shares of company stock valued at $2,089,284 over the last quarter. Company insiders own 5.80% of the company’s stock.

Analyst Ratings Changes

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

Alarm.com Stock Performance

NASDAQ:ALRM opened at $56.32 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.14 and a debt-to-equity ratio of 0.64. The company has a market cap of $2.80 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.01 and a beta of 1.02. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $71.98. The firm’s 50 day moving average is $55.73 and its two-hundred day moving average is $58.79.

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.