Centaurus Financial Inc. Has $12.94 Million Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Centaurus Financial Inc. increased its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 236,644 shares of the software maker’s stock after purchasing an additional 8,456 shares during the quarter. Alarm.com makes up 0.8% of Centaurus Financial Inc.’s investment portfolio, making the stock its 23rd largest holding. Centaurus Financial Inc.’s holdings in Alarm.com were worth $12,937,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALRM. Oakworth Capital Inc. bought a new stake in Alarm.com during the third quarter valued at about $38,000. Huntington National Bank lifted its position in shares of Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after purchasing an additional 367 shares during the last quarter. Point72 DIFC Ltd boosted its stake in Alarm.com by 293.6% during the 2nd 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 period. Canada Pension Plan Investment Board acquired a new stake in Alarm.com in the 2nd quarter valued at approximately $108,000. Finally, CWM LLC increased its position in Alarm.com by 42.0% in the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after buying an additional 618 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALRM has been the topic of several research analyst reports. Jefferies Financial Group began coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price objective on the stock. JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. The Goldman Sachs Group upped their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Barclays lifted their target price on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, StockNews.com cut Alarm.com from a “buy” rating to a “hold” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Alarm.com presently has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Stock Up 2.5 %

Shares of ALRM opened at $62.32 on Friday. Alarm.com Holdings, Inc. has a 12 month low of $51.87 and a 12 month high of $77.29. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 3.64 and a beta of 0.90. The company has a 50-day moving average price of $55.67 and a two-hundred day moving average price of $60.93. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42.

Insider Buying and Selling

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of the stock in a transaction 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 transaction, the director now directly owns 5,767 shares in the company, valued at $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.60% of the stock is owned by corporate insiders.

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.