Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC decreased its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 30.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,879 shares of the software maker’s stock after selling 1,276 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Alarm.com were worth $157,000 as of its most recent SEC filing.

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

Insider Activity

In other news, Director Stephen C. Evans sold 2,625 shares of the business’s 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 transaction, the director now directly owns 5,767 shares in the company, valued at $344,116.89. The trade was a 31.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ALRM shares. Barclays upped 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. The Goldman Sachs Group raised their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $50.00 target price (down from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Roth Mkm dropped their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group initiated coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Stock Up 1.5 %

NASDAQ ALRM opened at $65.14 on Friday. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $77.29. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. The business has a fifty day moving average price of $56.68 and a 200 day moving average price of $60.74. The company has a market cap of $3.22 billion, a P/E ratio of 28.20, a P/E/G ratio of 3.84 and a beta of 0.90.

About Alarm.com

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.