Geneva Capital Management LLC Increases Stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Key Points

• Geneva Capital Management LLC increased its stake in Alarm.com Holdings, Inc. by 0.9%, now holding over 1.3 million shares, which makes up about 1.4% of its investment portfolio.
• Several large investors, including Northern Trust Corp and Burgundy Asset Management Ltd., have also adjusted their positions in Alarm.com, with 91.74% of the stock owned by institutional investors.
• Wall Street analysts have a varied outlook on Alarm.com, with a consensus rating of "Moderate Buy" and a current average price target of $64.33.

Geneva Capital Management LLC boosted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,310,216 shares of the software maker's stock after purchasing an additional 12,198 shares during the quarter. Alarm.com comprises about 1.4% of Geneva Capital Management LLC's holdings, making the stock its 21st biggest position. Geneva Capital Management LLC owned 2.64% of Alarm.com worth $72,913,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. US Bancorp DE grew its holdings in Alarm.com by 99.4% in the first quarter. US Bancorp DE now owns 12,761 shares of the software maker's stock worth $710,000 after purchasing an additional 6,362 shares during the period. Seizert Capital Partners LLC grew its holdings in Alarm.com by 55.0% in the first quarter. Seizert Capital Partners LLC now owns 79,617 shares of the software maker's stock worth $4,431,000 after purchasing an additional 28,237 shares during the period. XTX Topco Ltd acquired a new stake in Alarm.com in the first quarter worth $833,000. Pacer Advisors Inc. grew its holdings in Alarm.com by 42.4% in the first quarter. Pacer Advisors Inc. now owns 2,688 shares of the software maker's stock worth $150,000 after purchasing an additional 800 shares during the period. Finally, Avantax Advisory Services Inc. grew its holdings in Alarm.com by 1.7% in the first quarter. Avantax Advisory Services Inc. now owns 13,865 shares of the software maker's stock worth $772,000 after purchasing an additional 232 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Stephen Trundle sold 3,644 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $56.66, for a total transaction of $206,469.04. Following the sale, the chief executive officer owned 268,859 shares of the company's stock, valued at approximately $15,233,550.94. This represents a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin Christopher Bradley sold 754 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $56.75, for a total transaction of $42,789.50. Following the completion of the transaction, the chief financial officer directly owned 53,056 shares of the company's stock, valued at approximately $3,010,928. This represents a 1.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,167 shares of company stock valued at $1,994,181. Corporate insiders own 5.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ALRM shares. The Goldman Sachs Group reduced their price target on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Raymond James Financial reduced their price target on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a report on Friday, May 9th. Finally, Barclays dropped their price objective on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Alarm.com has an average rating of "Moderate Buy" and a consensus target price of $64.33.

Alarm.com Stock Up 0.8%

Shares of Alarm.com stock traded up $0.44 during trading hours on Friday, reaching $54.78. The company's stock had a trading volume of 417,724 shares, compared to its average volume of 343,988. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.01 and a current ratio of 2.14. The stock's fifty day simple moving average is $56.48 and its two-hundred day simple moving average is $57.00. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $70.06. The company has a market capitalization of $2.72 billion, a P/E ratio of 23.11, a P/E/G ratio of 2.98 and a beta of 0.97.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The software maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $254.31 million for the quarter, compared to analysts' expectations of $243.96 million. Alarm.com had a net margin of 13.45% and a return on equity of 14.04%. The firm's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 earnings per share. On average, research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Alarm.com Company Profile

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.