State of New Jersey Common Pension Fund D Purchases 5,110 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

State of New Jersey Common Pension Fund D grew its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 18.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 33,137 shares of the software maker’s stock after acquiring an additional 5,110 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Alarm.com were worth $1,812,000 at the end of the most recent reporting period.

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

Insider Activity at Alarm.com

In other news, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. This trade represents a 16.48 % 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.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ALRM. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. The Goldman Sachs Group upped 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. StockNews.com lowered shares of Alarm.com from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Jefferies Financial Group assumed coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective for the company. Finally, Barclays raised their target price on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. 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 company’s stock. According to data from MarketBeat, Alarm.com presently has a consensus rating of “Hold” and an average target price of $64.40.

Alarm.com Stock Down 0.8 %

Shares of Alarm.com stock opened at $59.35 on Tuesday. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $77.29. The company has a market cap of $2.93 billion, a P/E ratio of 25.69, a PEG ratio of 4.08 and a beta of 0.90. The company’s fifty day simple moving average is $55.09 and its two-hundred day simple moving average is $61.11.

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.