54,578 Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Purchased by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can purchased a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRMGet Rating) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 54,578 shares of the software maker’s stock, valued at approximately $3,537,000.

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new position in shares of Alarm.com during the second quarter valued at approximately $35,000. EverSource Wealth Advisors LLC acquired a new position in shares of Alarm.com during the second quarter valued at approximately $56,000. Sandy Spring Bank acquired a new position in shares of Alarm.com during the second quarter valued at approximately $62,000. Castle Wealth Management LLC acquired a new position in shares of Alarm.com during the second quarter valued at approximately $67,000. Finally, CWM LLC raised its holdings in shares of Alarm.com by 15.5% during the second quarter. CWM LLC now owns 1,470 shares of the software maker’s stock valued at $91,000 after acquiring an additional 197 shares during the last quarter. Institutional investors and hedge funds own 91.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ALRM. Barclays reduced their target price on Alarm.com from $70.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, November 8th. Maxim Group cut their price target on Alarm.com from $90.00 to $80.00 in a report on Thursday, November 3rd. Raymond James cut their price target on Alarm.com from $83.00 to $65.00 and set a “strong-buy” rating for the company in a report on Wednesday, November 9th. StockNews.com cut Alarm.com from a “buy” rating to a “hold” rating in a report on Friday, October 14th. Finally, TheStreet cut Alarm.com from a “b-” rating to a “c” rating in a report on Wednesday, November 9th. Three research analysts have rated the stock with 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.20.

Alarm.com Trading Up 2.5 %

Shares of Alarm.com stock opened at $52.27 on Tuesday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 56.82, a PEG ratio of 5.49 and a beta of 1.00. Alarm.com Holdings, Inc. has a fifty-two week low of $46.94 and a fifty-two week high of $78.99. The company has a debt-to-equity ratio of 0.82, a quick ratio of 5.08 and a current ratio of 5.82. The stock has a 50 day moving average of $50.16 and a 200 day moving average of $60.52.

Alarm.com (NASDAQ:ALRMGet Rating) last issued its quarterly earnings data on Tuesday, November 8th. The software maker reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The company had revenue of $216.14 million during the quarter, compared to analyst estimates of $210.63 million. Alarm.com had a return on equity of 10.76% and a net margin of 5.71%. As a group, research analysts predict that Alarm.com Holdings, Inc. will post 1.11 earnings per share for the current year.

About Alarm.com

(Get Rating)

Alarm.com Holdings, Inc provides cloud-based solutions for smart residential and commercial properties in the United States and internationally. It operates in two segments, Alarm.com and Other. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, door locks, garage doors, Internet of Things, thermostats, and video cameras; and video monitoring solutions, such as video analytics, live streaming, video doorbell, video clips, video alerts, continuous high definition recording, and commercial video surveillance solutions.

See Also

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Institutional Ownership by Quarter for Alarm.com (NASDAQ:ALRM)

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