Polen Capital Management LLC Decreases Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Polen Capital Management LLC lowered its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 81.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,461 shares of the software maker's stock after selling 96,863 shares during the quarter. Polen Capital Management LLC's holdings in Alarm.com were worth $1,305,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Daiwa Securities Group Inc. increased its holdings in shares of Alarm.com by 8.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker's stock valued at $162,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Alarm.com by 29.5% during the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock valued at $64,000 after acquiring an additional 238 shares in the last quarter. Nicolet Advisory Services LLC increased its holdings in shares of Alarm.com by 6.0% during the third quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker's stock valued at $250,000 after acquiring an additional 272 shares in the last quarter. Huntington National Bank increased its holdings in shares of Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker's stock valued at $58,000 after acquiring an additional 367 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Alarm.com in the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 91.74% of the company's stock.

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Insiders Place Their Bets

In other news, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,191,875. This trade represents a 8.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $64.40.

Alarm.com Stock Performance

Alarm.com stock traded down $2.33 during mid-day trading on Thursday, hitting $56.94. The company had a trading volume of 309,406 shares, compared to its average volume of 382,710. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $74.97. The company's fifty day moving average is $60.58 and its 200-day moving average is $59.40. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 3.59 and a beta of 1.10.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The company had revenue of $242.24 million during the quarter, compared to analysts' expectations of $237.44 million. Equities research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

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.