Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lowered its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 8.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,011,984 shares of the software maker's stock after selling 94,391 shares during the period. Riverbridge Partners LLC owned approximately 2.04% of Alarm.com worth $56,317,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Cardinal Capital Management raised its stake in Alarm.com by 6.7% during the first quarter. Cardinal Capital Management now owns 25,038 shares of the software maker's stock worth $1,393,000 after purchasing an additional 1,581 shares during the period. Handelsbanken Fonder AB raised its stake in Alarm.com by 6.6% during the first quarter. Handelsbanken Fonder AB now owns 322,900 shares of the software maker's stock worth $17,969,000 after purchasing an additional 20,000 shares during the period. SG Americas Securities LLC raised its stake in Alarm.com by 32.6% during the first quarter. SG Americas Securities LLC now owns 13,886 shares of the software maker's stock worth $773,000 after purchasing an additional 3,413 shares during the period. GAMMA Investing LLC raised its stake in Alarm.com by 87.9% during the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock worth $109,000 after purchasing an additional 919 shares during the period. Finally, Centaurus Financial Inc. raised its stake in Alarm.com by 3.8% during the fourth quarter. Centaurus Financial Inc. now owns 245,671 shares of the software maker's stock worth $14,937,000 after purchasing an additional 9,027 shares during the period. Hedge funds and other institutional investors own 91.74% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ALRM. The Goldman Sachs Group cut their price target on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Raymond James Financial cut their target price on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a research note on Friday, May 9th. Finally, Barclays cut their target price 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $64.33.

Alarm.com Trading Up 1.1%

Shares of ALRM stock traded up $0.63 during mid-day trading on Monday, reaching $56.80. The company's stock had a trading volume of 415,760 shares, compared to its average volume of 397,562. The company's 50 day simple moving average is $55.93 and its 200-day simple moving average is $58.51. The firm has a market capitalization of $2.83 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 3.01 and a beta of 1.02. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $71.98. The company has a quick ratio of 2.01, a current ratio of 2.14 and a debt-to-equity ratio of 0.64.

Insider Activity at Alarm.com

In related news, CEO Stephen Trundle sold 1,553 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $86,175.97. Following the completion of the sale, the chief executive officer now directly owns 251,129 shares of the company's stock, valued at approximately $13,935,148.21. This trade represents a 0.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel Ramos sold 6,890 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $60.06, for a total transaction of $413,813.40. Following the sale, the insider now directly owns 38,600 shares of the company's stock, valued at approximately $2,318,316. The trade was a 15.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,898 shares of company stock valued at $2,089,284. Corporate insiders own 5.60% of the company's stock.

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.