Argent Capital Management LLC Acquires 1,975 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Argent Capital Management LLC lifted its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 38.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,096 shares of the software maker’s stock after purchasing an additional 1,975 shares during the quarter. Argent Capital Management LLC’s holdings in Alarm.com were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Envestnet Asset Management Inc. raised its position in Alarm.com by 1.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 150,082 shares of the software maker’s stock worth $9,536,000 after buying an additional 2,228 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Alarm.com in the second quarter worth approximately $364,000. Dimensional Fund Advisors LP raised its holdings in shares of Alarm.com by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker’s stock valued at $73,889,000 after purchasing an additional 42,281 shares during the last quarter. Renaissance Technologies LLC lifted its position in Alarm.com by 25.5% during the second quarter. Renaissance Technologies LLC now owns 248,700 shares of the software maker’s stock valued at $15,802,000 after purchasing an additional 50,500 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in Alarm.com by 312.9% in the second quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker’s stock worth $1,399,000 after purchasing an additional 16,625 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

Alarm.com Stock Performance

Shares of ALRM opened at $61.38 on Friday. The business has a 50-day simple moving average of $63.01 and a two-hundred day simple moving average of $60.53. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $77.29. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 3.59 and a beta of 0.98.

Insider Buying and Selling

In related news, Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the transaction, the director now owns 5,767 shares in the company, valued at approximately $344,116.89. The trade was a 31.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Kerzner sold 32,851 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $66.40, for a total value of $2,181,306.40. Following the completion of the sale, the insider now owns 59,668 shares of the company’s stock, valued at $3,961,955.20. The trade was a 35.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,976 shares of company stock valued at $5,576,490. 5.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ALRM shares. Jefferies Financial Group started coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price for the company. Barclays upped their price objective on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. The Goldman Sachs Group raised their target price on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. Finally, Roth Mkm lowered their price objective on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $64.40.

Alarm.com Company 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.