Riverbridge Partners LLC Sells 221,377 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Riverbridge Partners LLC trimmed its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 12.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,547,505 shares of the software maker's stock after selling 221,377 shares during the period. Alarm.com accounts for approximately 1.3% of Riverbridge Partners LLC's investment portfolio, making the stock its 24th biggest position. Riverbridge Partners LLC owned 3.10% of Alarm.com worth $100,000,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Operose Advisors LLC bought a new position in shares of Alarm.com in the 3rd quarter valued at $26,000. Pinebridge Investments L.P. bought a new position in shares of Alarm.com in the 2nd quarter valued at $28,000. Signaturefd LLC lifted its stake in shares of Alarm.com by 474.7% in the 3rd quarter. Signaturefd LLC now owns 500 shares of the software maker's stock valued at $31,000 after acquiring an additional 413 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Alarm.com in the 4th quarter valued at $39,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Alarm.com in the 4th quarter valued at $46,000. 91.74% of the stock is currently owned by institutional investors.

Insider Activity at Alarm.com

In related news, insider Daniel Kerzner sold 28,433 shares of the firm's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $69.98, for a total value of $1,989,741.34. Following the transaction, the insider now owns 57,351 shares of the company's stock, valued at approximately $4,013,422.98. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Alarm.com news, insider Daniel Kerzner sold 28,433 shares of Alarm.com stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the transaction, the insider now owns 57,351 shares of the company's stock, valued at approximately $4,013,422.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen Trundle sold 50,000 shares of Alarm.com stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $73.80, for a total transaction of $3,690,000.00. Following the transaction, the chief executive officer now directly owns 1,289,343 shares in the company, valued at approximately $95,153,513.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,532 shares of company stock valued at $8,116,333. 5.60% of the stock is owned by corporate insiders.

Alarm.com Trading Down 1.0 %

Alarm.com stock traded down $0.67 during trading hours on Thursday, reaching $69.85. 268,108 shares of the company's stock were exchanged, compared to its average volume of 253,572. The company has a quick ratio of 4.91, a current ratio of 5.46 and a debt-to-equity ratio of 0.72. The firm's 50 day simple moving average is $70.31 and its 200 day simple moving average is $62.75. Alarm.com Holdings, Inc. has a twelve month low of $44.92 and a twelve month high of $77.29. The firm has a market capitalization of $3.49 billion, a PE ratio of 45.65, a PEG ratio of 3.99 and a beta of 0.94.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its earnings results on Thursday, February 22nd. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $226.20 million during the quarter, compared to analyst estimates of $224.93 million. Alarm.com had a net margin of 9.19% and a return on equity of 11.61%. The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. Research analysts predict that Alarm.com Holdings, Inc. will post 1.39 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. TheStreet upgraded Alarm.com from a "c+" rating to a "b-" rating in a report on Friday, February 23rd. Barclays increased their price objective on Alarm.com from $66.00 to $78.00 and gave the company an "equal weight" rating in a report on Friday, February 23rd. Roth Mkm increased their price objective on Alarm.com from $67.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. increased their price objective on Alarm.com from $62.00 to $70.00 and gave the company a "neutral" rating in a report on Friday, February 23rd. Finally, StockNews.com upgraded Alarm.com from a "buy" rating to a "strong-buy" rating in a report on Friday, March 15th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $68.83.

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.

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