Teachers Retirement System of The State of Kentucky decreased its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 57.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,149 shares of the software maker's stock after selling 21,501 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Alarm.com were worth $883,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its position in shares of Alarm.com by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the software maker's stock worth $1,608,000 after purchasing an additional 500 shares during the last quarter. Argent Capital Management LLC boosted its position in shares of Alarm.com by 60.0% in the second quarter. Argent Capital Management LLC now owns 4,437 shares of the software maker's stock valued at $282,000 after acquiring an additional 1,664 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Alarm.com by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker's stock worth $30,051,000 after acquiring an additional 64,424 shares during the last quarter. nVerses Capital LLC increased its position in Alarm.com by 4,300.0% during the second quarter. nVerses Capital LLC now owns 4,400 shares of the software maker's stock worth $280,000 after acquiring an additional 4,300 shares during the period. Finally, Versor Investments LP raised its stake in Alarm.com by 22.6% during the 2nd quarter. Versor Investments LP now owns 14,530 shares of the software maker's stock valued at $923,000 after purchasing an additional 2,679 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.
Alarm.com stock opened at $64.54 on Thursday. The business has a 50 day simple moving average of $59.96 and a 200 day simple moving average of $60.67. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. The company has a market capitalization of $3.19 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 4.08 and a beta of 0.97. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $77.29.
Several analysts have issued reports on the stock. JPMorgan Chase & Co. restated 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. StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a research note on Wednesday. Jefferies Financial Group started coverage on Alarm.com in a research report on Tuesday, November 5th. They issued a "buy" rating and a $65.00 price objective for the company. The Goldman Sachs Group boosted their price objective on Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Finally, Roth Mkm reduced their target price on Alarm.com from $78.00 to $73.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $64.40.
Check Out Our Latest Research Report on ALRM
In related news, CEO Stephen Trundle sold 47,500 shares of Alarm.com stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the completion of the transaction, the chief executive officer now directly owns 252,682 shares of the company's stock, valued at $17,227,858.76. This trade represents a 15.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen C. Evans sold 2,625 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total transaction of $156,633.75. Following the sale, the director now directly owns 5,767 shares in the company, valued at $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,976 shares of company stock valued at $5,576,490. 5.60% of the stock is currently owned by company insiders.
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.
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