Geneva Capital Management LLC Acquires 2,565 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Geneva Capital Management LLC lifted its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,310,348 shares of the software maker’s stock after purchasing an additional 2,565 shares during the period. Alarm.com comprises approximately 1.6% of Geneva Capital Management LLC’s portfolio, making the stock its 21st largest holding. Geneva Capital Management LLC’s holdings in Alarm.com were worth $84,675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Operose Advisors LLC bought a new position in shares of Alarm.com during the third quarter valued at approximately $26,000. Signaturefd LLC grew its stake in Alarm.com by 474.7% in the third quarter. Signaturefd LLC now owns 500 shares of the software maker’s stock worth $31,000 after purchasing an additional 413 shares during the period. GAMMA Investing LLC purchased a new stake in Alarm.com in the fourth quarter worth $31,000. Pacer Advisors Inc. purchased a new stake in Alarm.com in the fourth quarter worth $39,000. Finally, Strs Ohio grew its stake in Alarm.com by 500.0% in the third quarter. Strs Ohio now owns 1,800 shares of the software maker’s stock worth $110,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 91.74% of the company’s stock.

Insider Transactions at Alarm.com

In other news, insider Daniel Kerzner sold 28,433 shares of Alarm.com stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $69.98, for a total value of $1,989,741.34. Following the completion of the sale, the insider now directly owns 57,351 shares in the company, valued at $4,013,422.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alarm.com news, insider Daniel Ramos sold 1,418 shares of Alarm.com stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total transaction of $99,260.00. Following the transaction, the insider now owns 38,282 shares of the company’s stock, valued at $2,679,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Kerzner sold 28,433 shares of Alarm.com stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the transaction, the insider now directly owns 57,351 shares in the company, valued at approximately $4,013,422.98. The disclosure for this sale can be found here. Insiders sold 111,532 shares of company stock worth $8,116,333 over the last three months. 5.60% of the stock is currently owned by company insiders.

Alarm.com Stock Performance

Shares of ALRM stock traded up $0.18 during trading hours on Thursday, reaching $68.79. The company had a trading volume of 496,021 shares, compared to its average volume of 250,103. The business has a fifty day moving average price of $70.31 and a 200-day moving average price of $64.04. Alarm.com Holdings, Inc. has a one year low of $46.83 and a one year high of $77.29. The firm has a market cap of $3.45 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.91 and a current ratio of 5.46.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. The company had revenue of $226.20 million during the quarter, compared to the consensus estimate of $224.93 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Sell-side analysts predict that Alarm.com Holdings, Inc. will post 1.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays upped their price target on Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. upped their price target on Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. StockNews.com raised Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. Finally, TheStreet raised Alarm.com from a “c+” rating to a “b-” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Alarm.com currently has an average rating of “Buy” and an average target price of $68.83.

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.