Bares Capital Management Inc. Sells 560,913 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Bares Capital Management Inc. reduced its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 97.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,998 shares of the software maker’s stock after selling 560,913 shares during the quarter. Alarm.com makes up approximately 0.1% of Bares Capital Management Inc.’s investment portfolio, making the stock its 12th biggest position. Bares Capital Management Inc.’s holdings in Alarm.com were worth $711,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of ALRM. SG Americas Securities LLC lifted its stake in shares of Alarm.com by 584.7% during the 2nd quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock valued at $1,472,000 after buying an additional 19,785 shares in the last quarter. Centaurus Financial Inc. grew its position in shares of Alarm.com by 3.7% during the third quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker’s stock worth $12,937,000 after purchasing an additional 8,456 shares in the last quarter. Hsbc Holdings PLC raised its stake in Alarm.com by 312.9% during the 2nd quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker’s stock valued at $1,399,000 after purchasing an additional 16,625 shares during the period. MQS Management LLC purchased a new position in Alarm.com in the 2nd quarter worth approximately $599,000. Finally, Squarepoint Ops LLC boosted its stake in Alarm.com by 630.1% in the 2nd quarter. Squarepoint Ops LLC now owns 97,847 shares of the software maker’s stock worth $6,217,000 after purchasing an additional 84,445 shares during the period. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Alarm.com Trading Down 0.2 %

ALRM opened at $68.27 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. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 4.10 and a beta of 0.97. Alarm.com Holdings, Inc. has a 12 month low of $51.87 and a 12 month high of $77.29. The stock has a fifty day moving average price of $58.17 and a 200-day moving average price of $60.63.

Wall Street Analyst Weigh In

Several research firms have recently commented on ALRM. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Monday, November 25th. Barclays lifted their price objective 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. Roth Mkm lowered their target price on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Jefferies Financial Group started coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price for the company. Finally, The Goldman Sachs Group boosted their price objective on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $64.40.

Insiders Place Their Bets

In other news, Director Stephen C. Evans sold 2,625 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the completion of the sale, the director now owns 5,767 shares of the company’s stock, valued at $344,116.89. This trade represents a 31.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is currently 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.