Dynamic Technology Lab Private Ltd Has $1.23 Million Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Dynamic Technology Lab Private Ltd increased its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 2.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 22,540 shares of the software maker’s stock after acquiring an additional 590 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Alarm.com were worth $1,233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Parkside Financial Bank & Trust boosted its position 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. Arizona State Retirement System increased its position in Alarm.com by 1.8% in the second quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after purchasing an additional 232 shares during the period. QRG Capital Management Inc. raised its holdings in Alarm.com by 4.6% during the 2nd quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock worth $381,000 after purchasing an additional 266 shares during the last quarter. Nicolet Advisory Services LLC lifted its position in Alarm.com by 6.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker’s stock valued at $250,000 after purchasing an additional 272 shares during the period. Finally, Huntington National Bank boosted its stake in shares of Alarm.com by 52.4% in the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after purchasing an additional 367 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Alarm.com Stock Performance

ALRM stock opened at $64.53 on Wednesday. Alarm.com Holdings, Inc. has a 1-year low of $51.87 and a 1-year high of $77.29. 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 firm has a market cap of $3.19 billion, a PE ratio of 27.94, a P/E/G ratio of 3.73 and a beta of 0.90. The business’s 50-day moving average price is $55.89 and its two-hundred day moving average price is $60.79.

Insider Transactions at Alarm.com

In related news, Director Stephen C. Evans sold 2,625 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total transaction of $156,633.75. Following the completion of the sale, the director now directly owns 5,767 shares of the company’s stock, valued at approximately $344,116.89. This represents a 31.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ALRM shares. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Monday. Barclays increased their price target on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Jefferies Financial Group started coverage on Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective for the company. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Finally, Roth Mkm reduced their target price on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $64.40.

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.