Entropy Technologies LP Makes New $223,000 Investment in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Entropy Technologies LP purchased a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,077 shares of the software maker’s stock, valued at approximately $223,000.

A number of other institutional investors also recently modified their holdings of ALRM. Oakworth Capital Inc. acquired a new stake in Alarm.com in the 3rd quarter valued at approximately $38,000. Point72 DIFC Ltd lifted its position in shares of Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after purchasing an additional 1,101 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Alarm.com during the second quarter worth $108,000. CWM LLC grew its position in Alarm.com by 42.0% in the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after purchasing an additional 618 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Alarm.com by 8.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after buying an additional 183 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Price Performance

Shares of ALRM opened at $59.85 on Friday. The company’s 50-day moving average is $55.09 and its 200-day moving average is $61.15. 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 firm has a market capitalization of $2.96 billion, a PE ratio of 25.91, a PEG ratio of 4.25 and a beta of 0.90. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $77.29.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ALRM. Roth Mkm decreased their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. StockNews.com downgraded Alarm.com from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Barclays boosted their target price on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group initiated coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Alarm.com presently has a consensus rating of “Hold” and a consensus target price of $64.40.

Insider Buying and Selling at Alarm.com

In other news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the transaction, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. This trade represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The trade was a 16.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

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.