Alarm.com Holdings, Inc. $ALRM Stock Position Cut by Riverbridge Partners LLC

Riverbridge Partners LLC lowered its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 5.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 372,668 shares of the software maker’s stock after selling 22,204 shares during the period. Riverbridge Partners LLC owned about 0.75% of Alarm.com worth $20,299,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Simplex Trading LLC grew its stake in shares of Alarm.com by 112.7% in the third quarter. Simplex Trading LLC now owns 589 shares of the software maker’s stock worth $32,000 after purchasing an additional 5,238 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Alarm.com in the second quarter valued at $28,000. Allworth Financial LP increased its holdings in Alarm.com by 435.5% in the second quarter. Allworth Financial LP now owns 980 shares of the software maker’s stock valued at $46,000 after purchasing an additional 797 shares during the period. Farther Finance Advisors LLC increased its holdings in Alarm.com by 661.4% in the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the software maker’s stock valued at $58,000 after purchasing an additional 926 shares during the period. Finally, Versant Capital Management Inc raised its position in Alarm.com by 261.0% during the 2nd quarter. Versant Capital Management Inc now owns 2,231 shares of the software maker’s stock worth $104,000 after purchasing an additional 1,613 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ALRM. Raymond James Financial reaffirmed a “strong-buy” rating and set a $65.00 target price on shares of Alarm.com in a report on Friday, August 7th. Weiss Ratings upgraded Alarm.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. Wall Street Zen raised Alarm.com from a “hold” rating to a “buy” rating in a research note on Sunday, August 16th. JPMorgan Chase & Co. raised their price objective on Alarm.com from $40.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, October 30th. Finally, Zacks Research downgraded Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.67.

Alarm.com Trading Up 0.7%

NASDAQ:ALRM opened at $65.86 on Wednesday. The firm’s fifty day moving average is $58.24 and its 200-day moving average is $50.65. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.27 and a current ratio of 4.83. Alarm.com Holdings, Inc. has a 52 week low of $41.49 and a 52 week high of $69.39. The firm has a market cap of $3.26 billion, a P/E ratio of 29.01, a P/E/G ratio of 2.06 and a beta of 0.70.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, November 5th. The software maker reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.15. Alarm.com had a net margin of 10.79% and a return on equity of 15.92%. The company had revenue of $279.44 million during the quarter, compared to analysts’ expectations of $265.82 million. During the same period in the prior year, the company posted $0.76 earnings per share. Alarm.com’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts expect that Alarm.com Holdings, Inc. will post 2.49 earnings per share for the current year.

Insider Buying and Selling

In other Alarm.com news, CEO Stephen Trundle sold 50,000 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $57.67, for a total transaction of $2,883,500.00. Following the sale, the chief executive officer owned 324,842 shares of the company’s stock, valued at approximately $18,733,638.14. This represents a 13.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.80% of the company’s stock.

Alarm.com Profile

Alarm.com Holdings, Inc. develops cloud-based software and connected-device services for residential and commercial security, automation, and energy management. Its platform brings together devices such as security sensors, cameras, locks, thermostats, and access-control systems, which customers can manage through mobile and web applications. The company provides its technology primarily through a network of security and service providers. Its offerings include intrusion detection, video monitoring and analytics, smart-home automation, commercial security and access control, and tools for monitoring and managing energy use.