Riverbridge Partners LLC acquired a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 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.
Several other hedge funds also recently bought and sold shares of ALRM. American International Group Inc. boosted its position in shares of Alarm.com Holdings by 7.1% in the first quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock worth $195,000 after buying an additional 422 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Alarm.com Holdings by 5.6% in the fourth quarter. Teachers Advisors LLC now owns 17,307 shares of the software maker’s stock worth $482,000 after buying an additional 921 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Alarm.com Holdings by 40.8% in the first quarter. Victory Capital Management Inc. now owns 3,583 shares of the software maker’s stock worth $110,000 after buying an additional 1,039 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Alarm.com Holdings by 6.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 42,460 shares of the software maker’s stock worth $1,306,000 after buying an additional 2,736 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Alarm.com Holdings by 26.1% in the first quarter. Goldman Sachs Group Inc. now owns 13,496 shares of the software maker’s stock worth $415,000 after buying an additional 2,795 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.
Alarm.com Holdings, Inc. (ALRM) traded up 0.62% on Friday, hitting $40.80. 1,069,578 shares of the stock traded hands. The firm has a 50-day moving average price of $37.94 and a 200-day moving average price of $33.00. Alarm.com Holdings, Inc. has a 12 month low of $24.52 and a 12 month high of $42.48. The company has a market capitalization of $1.91 billion, a PE ratio of 104.62 and a beta of 1.52.
Alarm.com Holdings (NASDAQ:ALRM) last announced its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.14. Alarm.com Holdings had a negative return on equity of 34.65% and a net margin of 6.50%. The business had revenue of $86 million during the quarter, compared to analysts’ expectations of $81.05 million. During the same quarter last year, the business posted $0.15 earnings per share. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. Analysts forecast that Alarm.com Holdings, Inc. will post $0.97 earnings per share for the current year.
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A number of equities analysts have issued reports on ALRM shares. Imperial Capital reissued an “outperform” rating and set a $36.00 price objective (up previously from $35.00) on shares of Alarm.com Holdings in a research note on Thursday, May 11th. Zacks Investment Research lowered shares of Alarm.com Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Northland Securities set a $41.00 price objective on shares of Alarm.com Holdings and gave the stock a “buy” rating in a research note on Wednesday, July 19th. BidaskClub cut shares of Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Finally, Maxim Group lifted their target price on shares of Alarm.com Holdings from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $41.89.
In other news, VP Daniel Ramos sold 40,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was 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 $5,261,889.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider David Hutz sold 3,500 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $31.59, for a total value of $110,565.00. Following the sale, the insider now directly owns 141,522 shares in the company, valued at approximately $4,470,679.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,777 shares of company stock valued at $6,874,334. Company 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.
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