Geneva Capital Management LLC decreased its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,298,018 shares of the software maker's stock after selling 9,464 shares during the period. Alarm.com comprises approximately 1.4% of Geneva Capital Management LLC's holdings, making the stock its 25th largest holding. Geneva Capital Management LLC owned 2.63% of Alarm.com worth $78,920,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. M&G PLC acquired a new position in shares of Alarm.com in the third quarter valued at $9,583,000. Disciplined Growth Investors Inc. MN raised its stake in shares of Alarm.com by 6.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker's stock valued at $157,168,000 after buying an additional 163,851 shares in the last quarter. FMR LLC boosted its position in shares of Alarm.com by 129.0% during the 3rd quarter. FMR LLC now owns 153,865 shares of the software maker's stock valued at $8,412,000 after acquiring an additional 86,683 shares in the last quarter. Barclays PLC boosted its position in shares of Alarm.com by 323.2% during the 3rd quarter. Barclays PLC now owns 91,402 shares of the software maker's stock valued at $4,997,000 after acquiring an additional 69,804 shares in the last quarter. Finally, DF Dent & Co. Inc. increased its stake in Alarm.com by 23.3% in the third quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker's stock valued at $19,648,000 after acquiring an additional 67,824 shares during the period. Institutional investors own 91.74% of the company's stock.
Insider Activity
In other Alarm.com news, CEO Stephen Trundle sold 47,500 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total value of $3,238,550.00. Following the transaction, the chief executive officer now directly owns 252,682 shares in the company, valued at approximately $17,227,858.76. This trade represents a 15.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Kerzner sold 32,851 shares of Alarm.com stock in a transaction on Friday, December 13th. The shares were sold at an average price of $66.40, for a total value of $2,181,306.40. Following the completion of the sale, the insider now directly owns 59,668 shares of the company's stock, valued at $3,961,955.20. This trade represents a 35.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.
Alarm.com Price Performance
Shares of ALRM traded down $0.66 on Monday, hitting $58.26. The company's stock had a trading volume of 427,529 shares, compared to its average volume of 378,050. The company has a market capitalization of $2.89 billion, a PE ratio of 25.44, a PEG ratio of 3.59 and a beta of 1.10. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $75.39. The company has a 50 day moving average price of $60.89 and a 200 day moving average price of $59.47. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38.
Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The business had revenue of $242.24 million during the quarter, compared to the consensus estimate of $237.44 million. On average, research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. JPMorgan Chase & Co. restated an "underweight" rating and set a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. StockNews.com raised Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $64.40.
Get Our Latest Report on ALRM
Alarm.com Profile
(
Free Report)
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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