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

Dynamic Technology Lab Private Ltd boosted its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,540 shares of the software maker’s stock after acquiring an additional 590 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Alarm.com were worth $1,233,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Oakworth Capital Inc. bought a new stake in Alarm.com in the 3rd quarter valued at $38,000. Huntington National Bank lifted its stake in shares of Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after buying an additional 367 shares during the period. Point72 DIFC Ltd grew its position in Alarm.com by 293.6% during the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after buying an additional 1,101 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Alarm.com during the second quarter valued at about $108,000. Finally, CWM LLC raised its holdings in Alarm.com by 42.0% in the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after acquiring an additional 618 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Trading Down 0.5 %

Shares of ALRM stock opened at $64.53 on Wednesday. The company has a market capitalization of $3.19 billion, a P/E ratio of 27.94, a P/E/G ratio of 3.73 and a beta of 0.90. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $77.29. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average price of $55.89 and a 200 day moving average price of $60.79.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ALRM shares. Barclays lifted their price objective on Alarm.com from $60.00 to $67.00 and gave the stock 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. Jefferies Financial Group assumed coverage on shares of Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 target price (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Finally, Roth Mkm dropped their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.40.

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 sale, the director now directly owns 5,767 shares in the company, valued at $344,116.89. This represents a 31.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.60% of the company’s stock.

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.