Alarm.com Holdings, Inc. $ALRM Stock: Riverbridge Partners LLC Lowers Stake

Riverbridge Partners LLC cut its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 5.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 372,668 shares of the software maker’s stock after selling 22,204 shares during the quarter. Riverbridge Partners LLC’s holdings in Alarm.com were worth $20,299,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ALRM. Bank of New York Mellon Corp acquired a new stake in shares of Alarm.com during the 2nd quarter worth approximately $14,339,000. American Capital Management Inc. bought a new stake in shares of Alarm.com in the 2nd quarter valued at $3,202,000. Winmill & CO. Inc. bought a new stake in shares of Alarm.com in the 2nd quarter valued at $5,891,000. Summit Global Investments increased its stake in shares of Alarm.com by 368.0% in the 3rd quarter. Summit Global Investments now owns 27,200 shares of the software maker’s stock valued at $1,482,000 after acquiring an additional 21,388 shares in the last quarter. Finally, Summit Creek Advisors LLC acquired a new position in shares of Alarm.com during the 2nd quarter valued at $2,759,000. 91.74% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alarm.com

In related news, CEO Stephen Trundle sold 50,000 shares of Alarm.com stock in a transaction on Monday, August 24th. The shares were sold at an average price of $57.67, for a total value of $2,883,500.00. Following the completion of the sale, the chief executive officer owned 324,842 shares of the company’s stock, valued at approximately $18,733,638.14. This trade represents a 13.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ALRM. William Blair reissued a “market perform” rating on shares of Alarm.com in a research note on Friday. JPMorgan Chase & Co. raised their price target on shares of Alarm.com from $40.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, October 30th. Weiss Ratings raised shares of Alarm.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 15th. Zacks Research lowered shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Finally, Wall Street Zen upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Sunday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.67.

Alarm.com Trading Up 0.7%

Shares of Alarm.com stock opened at $65.86 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.27 and a current ratio of 4.83. Alarm.com Holdings, Inc. has a 52 week low of $41.49 and a 52 week high of $69.39. The stock has a 50 day moving average price of $58.24 and a two-hundred day moving average price of $50.65. The stock has a market capitalization of $3.26 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 2.06 and a beta of 0.70.

Alarm.com (NASDAQ:ALRM) last issued its earnings results on Thursday, November 5th. The software maker reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15. Alarm.com had a return on equity of 15.92% and a net margin of 10.79%. The company had revenue of $279.44 million for the quarter, compared to analyst estimates of $265.82 million. During the same period in the prior year, the firm earned $0.76 earnings per share. Alarm.com’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities analysts anticipate that Alarm.com Holdings, Inc. will post 2.49 earnings per share for the current fiscal year.

Alarm.com Company Profile

Alarm.com Holdings, Inc. develops cloud-based software and connected-device services for residential and commercial security, automation, and energy management. Its platform brings together devices such as security sensors, cameras, locks, thermostats, and access-control systems, which customers can manage through mobile and web applications. The company provides its technology primarily through a network of security and service providers. Its offerings include intrusion detection, video monitoring and analytics, smart-home automation, commercial security and access control, and tools for monitoring and managing energy use.