Evanson Financial LLC acquired a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM – Free Report) in the second quarter, Holdings Channel.com reports. The firm acquired 153,432 shares of the software maker’s stock, valued at approximately $7,168,000.
Several other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can increased its holdings in Alarm.com by 625.1% during the 4th quarter. Bank of Montreal Can now owns 2,231,227 shares of the software maker’s stock worth $113,837,000 after acquiring an additional 1,923,525 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Alarm.com by 101,569.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 947,556 shares of the software maker’s stock valued at $48,344,000 after purchasing an additional 946,624 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Alarm.com by 43.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 779,200 shares of the software maker’s stock valued at $33,654,000 after purchasing an additional 237,633 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Alarm.com by 85.3% during the 1st quarter. SG Americas Securities LLC now owns 483,486 shares of the software maker’s stock valued at $20,882,000 after purchasing an additional 222,563 shares in the last quarter. Finally, Nuveen LLC increased its holdings in shares of Alarm.com by 197.3% in the fourth quarter. Nuveen LLC now owns 316,427 shares of the software maker’s stock worth $16,144,000 after purchasing an additional 209,995 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.
Insider Transactions at Alarm.com
In other Alarm.com news, insider Daniel Kerzner sold 3,944 shares of Alarm.com stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $43.78, for a total transaction of $172,668.32. Following the completion of the sale, the insider owned 101,141 shares of the company’s stock, valued at $4,427,952.98. The trade was a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Christopher Bradley sold 724 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $48.46, for a total value of $35,085.04. Following the completion of the transaction, the chief financial officer owned 83,622 shares of the company’s stock, valued at $4,052,322.12. The trade was a 0.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 31,893 shares of company stock worth $1,428,505. Company insiders own 4.80% of the company’s stock.
Alarm.com Price Performance
Alarm.com (NASDAQ:ALRM – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.12. Alarm.com had a net margin of 12.36% and a return on equity of 14.99%. The company had revenue of $277.73 million during the quarter, compared to the consensus estimate of $264.96 million. During the same period in the previous year, the firm posted $0.60 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. Alarm.com has set its FY 2026 guidance at 2.920-2.940 EPS. On average, equities research analysts anticipate that Alarm.com Holdings, Inc. will post 2.34 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on ALRM shares. Weiss Ratings upgraded Alarm.com from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Barclays boosted their target price on Alarm.com from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised Alarm.com from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $47.50.
Check Out Our Latest Stock Report on ALRM
Alarm.com 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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Want to see what other hedge funds are holding ALRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alarm.com Holdings, Inc. (NASDAQ:ALRM – Free Report).
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