Geneva Capital Management LLC Has $71.48 Million Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Geneva Capital Management LLC boosted its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,307,482 shares of the software maker’s stock after purchasing an additional 10,630 shares during the quarter. Alarm.com comprises 1.2% of Geneva Capital Management LLC’s portfolio, making the stock its 28th largest holding. Geneva Capital Management LLC owned approximately 2.65% of Alarm.com worth $71,480,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased its holdings in shares of Alarm.com by 369.7% during the 3rd quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker’s stock worth $3,802,000 after purchasing an additional 54,738 shares during the period. Aigen Investment Management LP acquired a new position in Alarm.com in the 3rd quarter valued at approximately $558,000. GSA Capital Partners LLP lifted its position in shares of Alarm.com by 350.5% in the 3rd quarter. GSA Capital Partners LLP now owns 23,209 shares of the software maker’s stock worth $1,269,000 after acquiring an additional 18,057 shares during the period. Entropy Technologies LP acquired a new stake in shares of Alarm.com during the 3rd quarter worth approximately $223,000. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Alarm.com by 18.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 33,137 shares of the software maker’s stock valued at $1,812,000 after purchasing an additional 5,110 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALRM has been the topic of several analyst reports. Roth Mkm lowered their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Jefferies Financial Group initiated coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research report on Monday. The Goldman Sachs Group lifted their price objective on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Barclays increased 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Alarm.com presently has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Price Performance

Shares of Alarm.com stock opened at $60.50 on Wednesday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 3.81 and a beta of 0.90. The firm’s 50-day moving average price is $54.90 and its two-hundred day moving average price is $61.25. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52. Alarm.com Holdings, Inc. has a 1-year low of $51.87 and a 1-year high of $77.29.

Insider Buying and Selling

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