First Trust Advisors LP boosted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM – Free Report) by 83.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,306 shares of the software maker’s stock after purchasing an additional 31,000 shares during the quarter. First Trust Advisors LP’s holdings in Alarm.com were worth $2,950,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Covestor Ltd boosted its holdings in shares of Alarm.com by 67.3% in the 4th quarter. Covestor Ltd now owns 691 shares of the software maker’s stock valued at $35,000 after buying an additional 278 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in Alarm.com during the fourth quarter valued at approximately $47,000. Strs Ohio purchased a new stake in Alarm.com during the first quarter valued at approximately $56,000. Kemnay Advisory Services Inc. acquired a new stake in Alarm.com in the fourth quarter valued at approximately $59,000. Finally, Danske Bank A S purchased a new position in Alarm.com in the fourth quarter worth $92,000. 91.74% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Alarm.com from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Weiss Ratings raised Alarm.com from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Finally, Barclays upped their target price on Alarm.com from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Alarm.com currently has a consensus rating of “Reduce” and a consensus price target of $47.50.
Alarm.com Trading Down 0.7%
Shares of Alarm.com stock opened at $56.29 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 5.16 and a quick ratio of 4.55. The firm has a fifty day moving average price of $49.28 and a 200 day moving average price of $47.05. Alarm.com Holdings, Inc. has a 1 year low of $41.49 and a 1 year high of $59.53. The stock has a market cap of $2.78 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.90 and a beta of 0.76.
Alarm.com (NASDAQ:ALRM – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.65 by $0.12. The company had revenue of $277.73 million for the quarter, compared to analyst estimates of $264.96 million. Alarm.com had a net margin of 12.36% and a return on equity of 14.99%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 earnings per share. Alarm.com has set its FY 2026 guidance at 2.920-2.940 EPS. Equities research analysts predict that Alarm.com Holdings, Inc. will post 2.34 earnings per share for the current year.
Insider Buying and Selling
In other Alarm.com news, insider Daniel Kerzner sold 3,944 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $43.78, for a total value of $172,668.32. Following the completion of the transaction, the insider directly owned 101,141 shares of the company’s stock, valued at approximately $4,427,952.98. The trade was a 3.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stephen Trundle sold 6,073 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $43.78, for a total value of $265,875.94. Following the completion of the sale, the chief executive officer owned 324,842 shares in the company, valued at approximately $14,221,582.76. This represents a 1.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 31,893 shares of company stock valued at $1,428,505 in the last ninety days. Insiders own 4.80% of the company’s stock.
Alarm.com Company Profile
Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company’s interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.
Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.
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