Huntington National Bank Buys 367 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Huntington National Bank lifted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 52.4% during the third quarter, Holdings Channel reports. The fund owned 1,068 shares of the software maker’s stock after acquiring an additional 367 shares during the quarter. Huntington National Bank’s holdings in Alarm.com were worth $58,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its holdings in Alarm.com by 584.7% during the second quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock valued at $1,472,000 after purchasing an additional 19,785 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Alarm.com by 36.8% during the 1st quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock worth $2,379,000 after buying an additional 8,843 shares during the period. UniSuper Management Pty Ltd acquired a new position in Alarm.com in the 1st quarter valued at $759,000. Hsbc Holdings PLC raised its holdings in Alarm.com by 312.9% in the 2nd quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker’s stock worth $1,399,000 after acquiring an additional 16,625 shares during the period. Finally, Vanguard Group Inc. lifted its position in Alarm.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker’s stock worth $426,190,000 after acquiring an additional 63,653 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alarm.com

In other news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,260,125. The trade was a 16.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Ramos sold 9,476 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the transaction, the insider now directly owns 41,100 shares of the company’s stock, valued at $2,540,391. This trade represents a 18.74 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

Analyst Ratings Changes

ALRM has been the subject of a number of recent analyst reports. StockNews.com cut shares of Alarm.com from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Jefferies Financial Group started coverage on Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price for the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Roth Mkm cut their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Barclays raised their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Alarm.com currently has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Trading Down 0.8 %

Shares of ALRM opened at $59.35 on Tuesday. The stock’s 50-day moving average price is $55.09 and its 200 day moving average price is $61.11. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 4.08 and a beta of 0.90. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $77.29.

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.