Riverbridge Partners LLC Sells 129,268 Shares of Alarm.com Holdings, Inc. $ALRM

Key Points

• Riverbridge Partners LLC has reduced its stake in Alarm.com by 12.8% during the second quarter, selling 129,268 shares and now owns approximately 1.77% of the company, valued at nearly $50 million.
• Alarm.com reported $0.60 earnings per share for the last quarter, which surpassed analyst expectations of $0.52 and indicated a 8.8% increase in revenue year-over-year.
• Following a recent analyst update, Alarm.com received a rating upgrade from Zacks Research, moving from a "hold" to a "strong-buy" rating, with a consensus price target of $64.33.

Riverbridge Partners LLC reduced its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 12.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 882,716 shares of the software maker's stock after selling 129,268 shares during the quarter. Riverbridge Partners LLC owned approximately 1.77% of Alarm.com worth $49,935,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its holdings in Alarm.com by 44.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 57,623 shares of the software maker's stock worth $3,260,000 after purchasing an additional 17,680 shares during the period. Cardinal Capital Management raised its holdings in Alarm.com by 2.7% in the 2nd quarter. Cardinal Capital Management now owns 25,711 shares of the software maker's stock worth $1,454,000 after purchasing an additional 673 shares during the period. Argent Capital Management LLC raised its holdings in Alarm.com by 5.5% in the 2nd quarter. Argent Capital Management LLC now owns 7,212 shares of the software maker's stock worth $408,000 after purchasing an additional 377 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in Alarm.com in the 2nd quarter worth $210,000. Finally, Voya Investment Management LLC raised its holdings in Alarm.com by 44.8% during the first quarter. Voya Investment Management LLC now owns 39,629 shares of the software maker's stock valued at $2,205,000 after acquiring an additional 12,257 shares during the period. 91.74% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Kevin Christopher Bradley sold 754 shares of Alarm.com stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $56.75, for a total value of $42,789.50. Following the sale, the chief financial officer directly owned 53,056 shares of the company's stock, valued at approximately $3,010,928. The trade was a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.80% of the company's stock.

Alarm.com Trading Down 4.0%

Shares of ALRM stock opened at $51.96 on Thursday. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $70.06. The company has a current ratio of 1.95, a quick ratio of 1.82 and a debt-to-equity ratio of 0.61. The stock's 50-day moving average price is $56.06 and its 200-day moving average price is $55.91. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 2.69 and a beta of 1.07.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its earnings results on Thursday, August 7th. The software maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%.The firm had revenue of $254.31 million for the quarter, compared to analysts' expectations of $243.96 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The business's revenue was up 8.8% compared to the same quarter last year. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. Equities research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research raised Alarm.com from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $64.33.

Alarm.com 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.

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