Riverbridge Partners LLC Sells 85,421 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Riverbridge Partners LLC decreased its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,106,375 shares of the software maker's stock after selling 85,421 shares during the period. Riverbridge Partners LLC owned approximately 2.24% of Alarm.com worth $67,268,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in Alarm.com by 230.6% in the third quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker's stock worth $20,844,000 after purchasing an additional 265,936 shares during the last quarter. Bank of Montreal Can increased its holdings in Alarm.com by 2,394.6% during the second quarter. Bank of Montreal Can now owns 273,730 shares of the software maker's stock valued at $17,406,000 after buying an additional 262,757 shares during the last quarter. M&G PLC bought a new position in Alarm.com in the third quarter worth approximately $9,583,000. Disciplined Growth Investors Inc. MN boosted its stake in shares of Alarm.com by 6.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker's stock worth $157,168,000 after acquiring an additional 163,851 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in Alarm.com by 1,027.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 117,076 shares of the software maker's stock worth $7,439,000 after purchasing an additional 106,693 shares during the period. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Price Performance

Shares of NASDAQ ALRM traded up $0.03 during mid-day trading on Thursday, hitting $61.75. 76,486 shares of the company's stock traded hands, compared to its average volume of 264,167. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $77.29. The company's 50-day moving average is $63.01 and its two-hundred day moving average is $60.45. The company has a market capitalization of $3.05 billion, a P/E ratio of 26.71, a PEG ratio of 3.75 and a beta of 0.98.

Insider Activity

In related news, insider Daniel Kerzner sold 32,851 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the transaction, the insider now directly owns 59,668 shares in the company, valued at approximately $3,961,955.20. This represents a 35.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen Trundle sold 47,500 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the completion of the sale, the chief executive officer now directly owns 252,682 shares of the company's stock, valued at approximately $17,227,858.76. The trade was a 15.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,976 shares of company stock valued at $5,576,490 in the last ninety days. Insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

ALRM has been the subject of a number of analyst reports. StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a research report on Wednesday, December 18th. Barclays raised their target price on shares of Alarm.com from $60.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. The Goldman Sachs Group increased their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Roth Mkm lowered their target price on shares of Alarm.com from $78.00 to $73.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group initiated coverage on Alarm.com in a research report on Tuesday, November 5th. They set a "buy" rating and a $65.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $64.40.

About Alarm.com

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.