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

Geneva Capital Management LLC trimmed its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,298,018 shares of the software maker’s stock after selling 9,464 shares during the period. Alarm.com accounts for about 1.4% of Geneva Capital Management LLC’s investment portfolio, making the stock its 25th biggest position. Geneva Capital Management LLC’s holdings in Alarm.com were worth $78,920,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Alarm.com in the 4th quarter valued at approximately $25,000. Quarry LP raised its stake in shares of 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 during the period. Nisa Investment Advisors LLC raised its stake in shares of Alarm.com by 134.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after acquiring an additional 539 shares during the period. Huntington National Bank raised its stake in shares of Alarm.com by 52.4% in the 3rd 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 during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Alarm.com by 305.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock valued at $63,000 after acquiring an additional 779 shares during the period. 91.74% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Daniel Kerzner sold 32,851 shares of the company’s 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 transaction, the insider now 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 filing with the SEC, which is accessible through this link. Also, CEO Stephen Trundle sold 47,500 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the completion of the transaction, the chief executive officer now 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. 5.60% of the stock is currently owned by company insiders.

Alarm.com Trading Up 2.3 %

NASDAQ ALRM opened at $59.74 on Thursday. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $76.34. The stock has a market capitalization of $2.97 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 3.59 and a beta of 0.98. The firm has a 50 day moving average of $61.09 and a two-hundred day moving average of $59.47.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results 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 firm had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. As a group, research analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ALRM shares. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. The Goldman Sachs Group lifted their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Barclays lifted their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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.