GAMMA Investing LLC Buys 919 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

GAMMA Investing LLC raised its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 87.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,964 shares of the software maker’s stock after buying an additional 919 shares during the period. GAMMA Investing LLC’s holdings in Alarm.com were worth $109,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. raised its stake in Alarm.com by 3.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker’s stock worth $301,000 after buying an additional 172 shares during the period. Daiwa Securities Group Inc. raised its stake in Alarm.com by 8.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker’s stock worth $162,000 after buying an additional 200 shares during the period. MetLife Investment Management LLC raised its stake in shares of Alarm.com by 1.0% in the fourth quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker’s stock worth $1,710,000 after purchasing an additional 281 shares during the last quarter. Quarry LP raised its stake 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 worth $61,000 after purchasing an additional 303 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Alarm.com by 0.3% in the fourth quarter. Legal & General Group Plc now owns 139,290 shares of the software maker’s stock worth $8,469,000 after purchasing an additional 401 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Insider Transactions at Alarm.com

In other Alarm.com news, insider Daniel Kerzner sold 2,213 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total transaction of $125,388.58. Following the completion of the transaction, the insider directly owned 72,004 shares of the company’s stock, valued at approximately $4,079,746.64. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey A. Bedell sold 2,204 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 value of $124,878.64. Following the transaction, the insider directly owned 505,805 shares of the company’s stock, valued at approximately $28,658,911.30. This trade represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,167 shares of company stock valued at $1,994,181 in the last three months. 5.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Alarm.com Stock Performance

ALRM stock opened at $57.69 on Monday. The firm has a market cap of $2.87 billion, a PE ratio of 24.34, a P/E/G ratio of 3.09 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. The business has a 50 day moving average of $57.00 and a 200-day moving average of $57.88. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $71.98.

About Alarm.com

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.