Riverbridge Partners LLC Sells 85,421 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Riverbridge Partners LLC reduced its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,106,375 shares of the software maker’s stock after selling 85,421 shares during the period. Riverbridge Partners LLC owned approximately 2.24% of Alarm.com worth $67,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ALRM. SG Americas Securities LLC lifted its holdings in Alarm.com by 61.6% during the 4th quarter. SG Americas Securities LLC now owns 10,473 shares of the software maker’s stock valued at $637,000 after purchasing an additional 3,992 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after buying an additional 539 shares in the last quarter. Atomi Financial Group Inc. bought a new position in shares of Alarm.com in the fourth quarter valued at approximately $259,000. Avanza Fonder AB acquired a new position in shares of Alarm.com in the 4th quarter worth approximately $120,000. Finally, Argent Capital Management LLC grew its position in Alarm.com by 38.6% during the 4th quarter. Argent Capital Management LLC now owns 7,096 shares of the software maker’s stock worth $431,000 after acquiring an additional 1,975 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alarm.com

In related news, insider Daniel Kerzner sold 32,851 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 59,668 shares in the company, valued at $3,961,955.20. This trade represents a 35.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen Trundle sold 47,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 252,682 shares of the company’s stock, valued at approximately $17,227,858.76. This represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,976 shares of company stock valued at $5,576,490. 5.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ALRM. Barclays lifted their price objective on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Roth Mkm reduced their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. 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 research report on Monday, November 11th. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. Finally, Jefferies Financial Group initiated coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Alarm.com presently has a consensus rating of “Hold” and a consensus price target of $64.40.

Alarm.com Stock Down 0.7 %

Shares of NASDAQ ALRM opened at $61.72 on Thursday. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $3.05 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 3.70 and a beta of 0.98. The firm’s 50-day moving average is $63.01 and its 200-day moving average is $60.45. Alarm.com Holdings, Inc. has a 1 year low of $51.87 and a 1 year high of $77.29.

Alarm.com Company Profile

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.