Victory Capital Management Inc. Acquires 2,161 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Victory Capital Management Inc. raised its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRMFree Report) by 16.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,282 shares of the software maker’s stock after purchasing an additional 2,161 shares during the period. Victory Capital Management Inc.’s holdings in Alarm.com were worth $934,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pinebridge Investments L.P. acquired a new position in shares of Alarm.com during the second quarter worth $28,000. Signaturefd LLC boosted its position in shares of Alarm.com by 474.7% during the 3rd quarter. Signaturefd LLC now owns 500 shares of the software maker’s stock worth $31,000 after purchasing an additional 413 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Alarm.com during the 4th quarter worth about $46,000. Tower Research Capital LLC TRC boosted its position in shares of Alarm.com by 422.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,055 shares of the software maker’s stock worth $53,000 after purchasing an additional 853 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Alarm.com during the 2nd quarter worth about $92,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALRM has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of Alarm.com from $62.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Roth Mkm upped their target price on shares of Alarm.com from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. TheStreet lowered shares of Alarm.com from a “b-” rating to a “c+” rating in a research note on Wednesday, November 1st. StockNews.com upgraded shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Alarm.com from $55.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alarm.com presently has a consensus rating of “Buy” and an average price target of $66.14.

Get Our Latest Report on ALRM

Alarm.com Stock Up 3.3 %

Alarm.com stock opened at $68.52 on Tuesday. The firm has a 50 day moving average price of $61.72 and a 200-day moving average price of $58.68. The company has a market capitalization of $3.43 billion, a P/E ratio of 53.12, a P/E/G ratio of 7.35 and a beta of 0.90. Alarm.com Holdings, Inc. has a twelve month low of $44.92 and a twelve month high of $68.62. The company has a quick ratio of 4.75, a current ratio of 5.42 and a debt-to-equity ratio of 0.74.

About Alarm.com

(Free Report)

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 in 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 escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.

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

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