Captrust Financial Advisors Sells 2,444 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Captrust Financial Advisors reduced its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 6.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,979 shares of the software maker’s stock after selling 2,444 shares during the quarter. Captrust Financial Advisors’ holdings in Alarm.com were worth $1,912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Alarm.com by 6.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,042 shares of the software maker’s stock valued at $604,000 after purchasing an additional 649 shares in the last quarter. Thematics Asset Management boosted its holdings in shares of Alarm.com by 8.2% during the 3rd quarter. Thematics Asset Management now owns 79,067 shares of the software maker’s stock valued at $4,323,000 after acquiring an additional 6,002 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Alarm.com by 25.4% during the 3rd quarter. Quantbot Technologies LP now owns 39,059 shares of the software maker’s stock valued at $2,135,000 after acquiring an additional 7,918 shares during the last quarter. FMR LLC boosted its holdings in shares of Alarm.com by 129.0% during the 3rd quarter. FMR LLC now owns 153,865 shares of the software maker’s stock valued at $8,412,000 after acquiring an additional 86,683 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Alarm.com by 18.0% during the 3rd quarter. Bank of Montreal Can now owns 323,133 shares of the software maker’s stock valued at $17,879,000 after acquiring an additional 49,403 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the sale, the director now owns 5,767 shares in the company, valued at approximately $344,116.89. This trade represents a 31.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ALRM shares. The Goldman Sachs Group raised their price target on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Barclays raised their price target on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Monday, November 25th. Roth Mkm dropped their price objective on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Alarm.com currently has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Stock Performance

ALRM opened at $68.41 on Friday. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 3.95 and a beta of 0.97. The company’s 50 day moving average is $57.90 and its 200 day moving average is $60.72. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $77.29.

Alarm.com Company 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.