Amalgamated Bank Trims Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Amalgamated Bank reduced its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,478 shares of the software maker’s stock after selling 778 shares during the period. Amalgamated Bank’s holdings in Alarm.com were worth $792,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of 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 buying an additional 19,785 shares during the last quarter. Sei Investments Co. increased its holdings in Alarm.com by 8.6% in the 1st quarter. Sei Investments Co. now owns 149,464 shares of the software maker’s stock valued at $10,831,000 after acquiring an additional 11,776 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in Alarm.com in the 1st quarter worth $759,000. Janus Henderson Group PLC lifted its stake in Alarm.com by 36.8% in the 1st quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock worth $2,379,000 after purchasing an additional 8,843 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Alarm.com by 312.9% during the second quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker’s stock valued at $1,399,000 after purchasing an additional 16,625 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ALRM shares. StockNews.com downgraded Alarm.com from a “buy” rating to a “hold” rating in a research report on Monday. Roth Mkm decreased their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Barclays increased their target price 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 boosted their price target on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group assumed coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $64.40.

Alarm.com Stock Down 1.7 %

NASDAQ ALRM opened at $59.93 on Friday. 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 firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 4.24 and a beta of 0.90. The company has a fifty day moving average of $54.99 and a two-hundred day moving average of $61.24.

Insider Buying and Selling

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

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.