Riverbridge Partners LLC Takes Position in Alarm.com Holdings, Inc. (ALRM)

Riverbridge Partners LLC bought a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,352,602 shares of the software maker’s stock, valued at approximately $50,898,000. Riverbridge Partners LLC owned approximately 2.92% of Alarm.com Holdings as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in Alarm.com Holdings during the fourth quarter valued at $1,282,000. State Street Corp raised its stake in Alarm.com Holdings by 3.5% in the fourth quarter. State Street Corp now owns 164,475 shares of the software maker’s stock valued at $4,574,000 after buying an additional 5,597 shares during the period. Teachers Advisors LLC raised its stake in Alarm.com Holdings by 5.6% in the fourth quarter. Teachers Advisors LLC now owns 17,307 shares of the software maker’s stock valued at $482,000 after buying an additional 921 shares during the period. Bank of Montreal Can raised its stake in Alarm.com Holdings by 58.5% in the first quarter. Bank of Montreal Can now owns 118,212 shares of the software maker’s stock valued at $3,634,000 after buying an additional 43,624 shares during the period. Finally, Summit Creek Advisors LLC increased its position in shares of Alarm.com Holdings by 218.0% in the first quarter. Summit Creek Advisors LLC now owns 151,143 shares of the software maker’s stock valued at $4,646,000 after buying an additional 103,614 shares in the last quarter. Hedge funds and other institutional investors own 83.54% of the company’s stock.

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) traded up 0.41% during mid-day trading on Friday, reaching $38.79. The company had a trading volume of 278,911 shares. The stock has a market capitalization of $1.80 billion, a P/E ratio of 168.65 and a beta of 1.52. Alarm.com Holdings, Inc. has a 12-month low of $24.52 and a 12-month high of $39.04. The firm’s 50 day moving average is $37.29 and its 200-day moving average is $32.45.

Alarm.com Holdings (NASDAQ:ALRM) last posted its quarterly earnings data on Tuesday, May 9th. The software maker reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.08. Alarm.com Holdings had a negative return on equity of 27.71% and a net margin of 4.12%. The firm had revenue of $74.20 million for the quarter, compared to analyst estimates of $69.70 million. During the same quarter last year, the company earned $0.12 EPS. The company’s revenue was up 25.8% on a year-over-year basis. On average, analysts expect that Alarm.com Holdings, Inc. will post $0.76 earnings per share for the current fiscal year.

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ALRM has been the topic of several recent analyst reports. Imperial Capital reaffirmed an “outperform” rating and issued a $36.00 price target (up from $35.00) on shares of Alarm.com Holdings in a research report on Thursday, May 11th. Zacks Investment Research downgraded Alarm.com Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Northland Securities initiated coverage on Alarm.com Holdings in a research report on Friday, June 9th. They issued an “outperform” rating and a $41.00 price target on the stock. BidaskClub cut Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, Stifel Nicolaus restated a “hold” rating and set a $29.00 price objective on shares of Alarm.com Holdings in a research report on Tuesday, July 25th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Alarm.com Holdings has a consensus rating of “Buy” and an average target price of $36.67.

In other news, insider David Hutz sold 3,500 shares of Alarm.com Holdings stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $37.43, for a total value of $131,005.00. Following the transaction, the insider now owns 127,522 shares in the company, valued at approximately $4,773,148.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Daniel Ramos sold 40,000 shares of Alarm.com Holdings stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $32.40, for a total value of $1,296,000.00. Following the completion of the transaction, the vice president now owns 162,404 shares in the company, valued at approximately $5,261,889.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 150,777 shares of company stock worth $5,274,129. Corporate insiders own 78.50% of the company’s stock.

Alarm.com Holdings Company Profile

Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.