Robeco Institutional Asset Management B.V. Makes New $241,000 Investment in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Robeco Institutional Asset Management B.V. purchased a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,329 shares of the software maker’s stock, valued at approximately $241,000.

Several other hedge funds also recently modified their holdings of ALRM. Burgundy Asset Management Ltd. acquired a new stake in shares of Alarm.com during the 4th quarter worth about $42,490,000. Norges Bank acquired a new stake in shares of Alarm.com in the fourth quarter worth approximately $34,841,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Alarm.com in the fourth quarter worth approximately $27,506,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Alarm.com by 120.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker’s stock worth $24,369,000 after acquiring an additional 219,203 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Alarm.com in the fourth quarter worth approximately $8,156,000. 91.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Raymond James Financial decreased their target price 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. Barclays decreased their target price 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, The Goldman Sachs Group decreased their target price 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.33.

Alarm.com Trading Up 0.0%

Shares of ALRM stock opened at $57.07 on Thursday. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 3.05 and a beta of 0.99. The company has a quick ratio of 2.01, a current ratio of 2.14 and a debt-to-equity ratio of 0.64. 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 price is $56.81 and its two-hundred day moving average price is $58.11.

Insider Activity at Alarm.com

In other news, CEO Stephen Trundle sold 3,644 shares of Alarm.com stock in a transaction that occurred 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 sale, the chief executive officer owned 268,859 shares in the company, valued at $15,233,550.94. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel Kerzner sold 2,213 shares of Alarm.com stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $56.66, for a total transaction of $125,388.58. Following the sale, the insider owned 72,004 shares in the company, valued at $4,079,746.64. This represents a 2.98% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,167 shares of company stock valued at $1,994,181. 5.80% of the stock is currently owned by corporate insiders.

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.