Geneva Capital Management LLC Has $84.68 Million Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Geneva Capital Management LLC grew its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,310,348 shares of the software maker’s stock after buying an additional 2,565 shares during the period. Alarm.com accounts for about 1.6% of Geneva Capital Management LLC’s portfolio, making the stock its 21st biggest holding. Geneva Capital Management LLC owned approximately 2.62% of Alarm.com worth $84,675,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALRM. Operose Advisors LLC acquired a new stake in Alarm.com during the third quarter worth approximately $26,000. Signaturefd LLC lifted its holdings in Alarm.com by 474.7% during the 3rd quarter. Signaturefd LLC now owns 500 shares of the software maker’s stock worth $31,000 after purchasing an additional 413 shares during the last quarter. GAMMA Investing LLC bought a new stake in Alarm.com in the 4th quarter valued at $31,000. Pacer Advisors Inc. acquired a new position in Alarm.com in the 4th quarter valued at $39,000. Finally, Strs Ohio increased its position in Alarm.com by 500.0% during the 3rd quarter. Strs Ohio now owns 1,800 shares of the software maker’s stock worth $110,000 after buying an additional 1,500 shares during the period. 91.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alarm.com

In other news, CFO Steve Valenzuela sold 9,583 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $73.89, for a total value of $708,087.87. Following the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,770,875. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Steve Valenzuela sold 9,583 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $73.89, for a total value of $708,087.87. Following the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,770,875. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Ramos sold 1,418 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total value of $99,260.00. Following the completion of the transaction, the insider now directly owns 38,282 shares in the company, valued at $2,679,740. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,532 shares of company stock worth $8,116,333. Insiders own 5.60% of the company’s stock.

Alarm.com Price Performance

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

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

Analyst Ratings Changes

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