Geneva Capital Management LLC Purchases 10,630 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Geneva Capital Management LLC lifted its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,307,482 shares of the software maker’s stock after purchasing an additional 10,630 shares during the quarter. Alarm.com accounts for 1.2% of Geneva Capital Management LLC’s portfolio, making the stock its 28th largest position. Geneva Capital Management LLC’s holdings in Alarm.com were worth $71,480,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. SG Americas Securities LLC increased its stake in Alarm.com by 584.7% during the 2nd quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock worth $1,472,000 after purchasing an additional 19,785 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Alarm.com by 8.6% in the first quarter. Sei Investments Co. now owns 149,464 shares of the software maker’s stock valued at $10,831,000 after purchasing an additional 11,776 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Alarm.com during the first quarter worth about $544,000. UniSuper Management Pty Ltd bought a new position in shares of Alarm.com during the first quarter worth about $759,000. Finally, Janus Henderson Group PLC raised its position in Alarm.com by 36.8% in the 1st quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock valued at $2,379,000 after buying an additional 8,843 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Roth Mkm cut 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. StockNews.com cut Alarm.com from a “buy” rating to a “hold” rating in a report on Monday. Barclays upped their target price on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group initiated coverage on Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $64.40.

Alarm.com Stock Down 1.4 %

Alarm.com stock opened at $60.50 on Wednesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70. The company’s 50-day moving average is $54.90 and its 200-day moving average is $61.25. The firm has a market capitalization of $2.98 billion, a PE ratio of 26.19, a P/E/G ratio of 3.81 and a beta of 0.90. Alarm.com Holdings, Inc. has a fifty-two week low of $51.87 and a fifty-two week high of $77.29.

Insider Buying and Selling

In other news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the transaction, the insider now directly owns 41,100 shares in the company, valued at approximately $2,540,391. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,260,125. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the sale, the insider now owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Alarm.com 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.