Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC lessened its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,298,018 shares of the software maker’s stock after selling 9,464 shares during the quarter. Alarm.com makes up 1.4% of Geneva Capital Management LLC’s holdings, making the stock its 25th biggest position. Geneva Capital Management LLC owned about 2.63% of Alarm.com worth $78,920,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALRM. SBI Securities Co. Ltd. acquired a new stake in Alarm.com during the fourth quarter valued at $25,000. Quarry LP grew its position in Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after buying an additional 525 shares during the period. Nisa Investment Advisors LLC grew its position in Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after buying an additional 539 shares during the period. Huntington National Bank grew 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 buying an additional 367 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Alarm.com by 305.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock valued at $63,000 after buying an additional 779 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

Alarm.com Stock Performance

NASDAQ:ALRM opened at $59.74 on Thursday. The company’s 50-day moving average price is $61.09 and its 200-day moving average price is $59.47. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The company has a market cap of $2.97 billion, a P/E ratio of 26.09, a P/E/G ratio of 3.59 and a beta of 0.98. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $76.34.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $242.24 million during the quarter, compared to analysts’ expectations of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. On average, sell-side analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Insider Transactions at Alarm.com

In other Alarm.com news, insider Daniel Kerzner sold 32,851 shares of Alarm.com stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the transaction, the insider now directly owns 59,668 shares of the company’s stock, valued at $3,961,955.20. The trade was a 35.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Trundle sold 47,500 shares of Alarm.com stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the transaction, the chief executive officer now directly owns 252,682 shares in the company, valued at $17,227,858.76. This trade represents a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group lifted their target price 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. Finally, Barclays lifted their target price on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.40.

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.