Geneva Capital Management LLC Grows Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Geneva Capital Management LLC grew its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,307,482 shares of the software maker's stock after acquiring an additional 10,630 shares during the period. Alarm.com accounts for 1.2% of Geneva Capital Management LLC's holdings, making the stock its 28th largest position. Geneva Capital Management LLC owned about 2.65% of Alarm.com worth $71,480,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in Alarm.com by 369.7% during the third quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker's stock worth $3,802,000 after acquiring an additional 54,738 shares during the period. Aigen Investment Management LP acquired a new stake in Alarm.com during the third quarter worth approximately $558,000. GSA Capital Partners LLP grew its position in Alarm.com by 350.5% during the third quarter. GSA Capital Partners LLP now owns 23,209 shares of the software maker's stock worth $1,269,000 after buying an additional 18,057 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Alarm.com in the third quarter worth $223,000. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Alarm.com by 18.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 33,137 shares of the software maker's stock worth $1,812,000 after acquiring an additional 5,110 shares during the period. Institutional investors own 91.74% of the company's stock.

Insider Activity at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the business's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the transaction, the chief financial officer now directly owns 37,500 shares of the company's stock, valued at approximately $2,260,125. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the sale, the insider now directly owns 41,100 shares of the company's stock, valued at approximately $2,540,391. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,260,125. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Alarm.com Trading Up 1.0 %

ALRM stock traded up $0.63 during midday trading on Wednesday, hitting $61.13. The stock had a trading volume of 176,061 shares, compared to its average volume of 403,671. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The business has a fifty day moving average price of $54.90 and a two-hundred day moving average price of $61.25. Alarm.com Holdings, Inc. has a 1-year low of $51.87 and a 1-year high of $77.29. The firm has a market cap of $3.02 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 4.24 and a beta of 0.90.

Analysts Set New Price Targets

A number of research firms have issued reports on ALRM. Barclays lifted their target price on Alarm.com from $60.00 to $67.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. restated an "underweight" rating and set a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a research report on Monday. Roth Mkm cut their price target on Alarm.com from $78.00 to $73.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. StockNews.com downgraded Alarm.com from a "buy" rating to a "hold" rating in a research note on Monday. Finally, The Goldman Sachs Group lifted their target price on shares of Alarm.com from $64.00 to $67.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Alarm.com has an average rating of "Hold" and an average target price of $64.40.

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.