Riverbridge Partners LLC Has $67.27 Million Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Riverbridge Partners LLC cut its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 7.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,106,375 shares of the software maker’s stock after selling 85,421 shares during the quarter. Riverbridge Partners LLC’s holdings in Alarm.com were worth $67,268,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ALRM. Oakworth Capital Inc. acquired a new position in shares of Alarm.com in the third quarter valued at approximately $38,000. Quarry LP lifted its position in Alarm.com by 291.7% in the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after acquiring an additional 525 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Alarm.com by 134.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after purchasing an additional 539 shares during the period. Huntington National Bank increased its holdings in Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after purchasing an additional 367 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Alarm.com by 29.5% in the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after purchasing an additional 238 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ALRM shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 price objective (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Jefferies Financial Group started coverage on Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target for the company. Roth Mkm lowered their price objective on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Finally, Barclays lifted their price target on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $64.40.

Alarm.com Trading Down 0.7 %

NASDAQ ALRM opened at $61.72 on Thursday. The company has a market cap of $3.05 billion, a PE ratio of 26.72, a PEG ratio of 3.70 and a beta of 0.98. Alarm.com Holdings, Inc. has a 12 month low of $51.87 and a 12 month high of $77.29. The stock has a 50 day moving average of $63.01 and a 200-day moving average of $60.45. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 47,500 shares of the firm’s stock in a transaction on 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 owns 252,682 shares of the company’s stock, valued at $17,227,858.76. This trade represents a 15.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel Kerzner sold 32,851 shares of Alarm.com stock in a transaction on Friday, December 13th. The stock was 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 of the company’s stock, valued at approximately $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. Insiders sold a total of 82,976 shares of company stock worth $5,576,490 over the last quarter. 5.60% of the stock is currently owned by insiders.

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.