Polen Capital Management LLC Decreases Stock Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Polen Capital Management LLC trimmed its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 81.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,461 shares of the software maker’s stock after selling 96,863 shares during the period. Polen Capital Management LLC’s holdings in Alarm.com were worth $1,305,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Alarm.com in the fourth quarter valued at about $25,000. Quarry LP increased its position in shares of Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after purchasing an additional 525 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after acquiring an additional 539 shares during the last quarter. Huntington National Bank raised its holdings in shares of Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after acquiring an additional 367 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Alarm.com by 305.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock worth $63,000 after purchasing an additional 779 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Alarm.com has an average rating of “Hold” and a consensus price target of $64.40.

Insider Activity

In other news, CFO Steve Valenzuela sold 3,436 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the transaction, the chief financial officer now owns 37,500 shares of the company’s stock, valued at $2,191,875. This represents a 8.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.60% of the company’s stock.

Alarm.com Stock Performance

Shares of NASDAQ ALRM opened at $58.49 on Monday. Alarm.com Holdings, Inc. has a 12 month low of $51.87 and a 12 month high of $74.97. The company has a market capitalization of $2.90 billion, a P/E ratio of 25.54, a P/E/G ratio of 3.59 and a beta of 1.10. The stock has a 50 day moving average of $60.68 and a 200-day moving average of $59.42. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The firm had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. As a group, equities research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

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.