306,917 Shares in Alarm.com Holdings, Inc. $ALRM Bought by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 306,917 Alarm.com shares during the second quarter, valued at approximately $14.3 million and representing 0.62% of the company. Institutional investors collectively own 91.74% of ALRM.
• Alarm.com’s latest quarterly results exceeded expectations, with adjusted earnings of $0.77 per share versus the $0.65 consensus estimate and revenue of $277.73 million, up 9.2% year over year.
• Insiders sold 68,324 shares worth roughly $3.78 million in the past quarter, while analyst sentiment remains a “Moderate Buy” with an average price target of $55.00.

Bank of New York Mellon Corp acquired a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 306,917 shares of the software maker's stock, valued at approximately $14,339,000. Bank of New York Mellon Corp owned 0.62% of Alarm.com as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ALRM. Evanson Financial LLC acquired a new stake in shares of Alarm.com in the second quarter valued at about $7,168,000. Versant Capital Management Inc lifted its stake in shares of Alarm.com by 261.0% in the second quarter. Versant Capital Management Inc now owns 2,231 shares of the software maker's stock worth $104,000 after acquiring an additional 1,613 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Alarm.com by 21.2% in the first quarter. Pacer Advisors Inc. now owns 2,312 shares of the software maker's stock worth $100,000 after acquiring an additional 404 shares during the period. Centaurus Financial Inc. boosted its holdings in Alarm.com by 1.0% in the first quarter. Centaurus Financial Inc. now owns 271,841 shares of the software maker's stock valued at $11,741,000 after acquiring an additional 2,782 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in Alarm.com by 30.5% in the first quarter. California State Teachers Retirement System now owns 58,939 shares of the software maker's stock valued at $2,546,000 after acquiring an additional 13,761 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Alarm.com news, CEO Stephen Trundle sold 50,000 shares of Alarm.com stock in a transaction on Monday, August 24th. The shares were sold at an average price of $57.67, for a total transaction of $2,883,500.00. Following the transaction, the chief executive officer directly owned 324,842 shares of the company's stock, valued at $18,733,638.14. The trade was a 13.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin Christopher Bradley sold 5,400 shares of the company's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $55.07, for a total transaction of $297,378.00. Following the completion of the sale, the chief financial officer owned 78,222 shares of the company's stock, valued at approximately $4,307,685.54. The trade was a 6.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 68,324 shares of company stock worth $3,780,333 in the last quarter. Insiders own 4.80% of the company's stock.

Alarm.com Stock Down 3.4%

Shares of NASDAQ ALRM opened at $55.61 on Wednesday. The firm has a market cap of $2.75 billion, a PE ratio of 24.61, a P/E/G ratio of 1.83 and a beta of 0.76. Alarm.com Holdings, Inc. has a 12-month low of $41.49 and a 12-month high of $58.19. The company's fifty day simple moving average is $53.38 and its 200 day simple moving average is $48.10. The company has a quick ratio of 4.38, a current ratio of 4.96 and a debt-to-equity ratio of 0.57.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.65 by $0.12. Alarm.com had a return on equity of 15.65% and a net margin of 11.11%.The firm had revenue of $277.73 million during the quarter, compared to the consensus estimate of $264.96 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company's quarterly revenue was up 9.2% on a year-over-year basis. Alarm.com has set its FY 2026 guidance at 2.920-2.940 EPS. As a group, sell-side analysts forecast that Alarm.com Holdings, Inc. will post 2.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Raymond James Financial reissued a "strong-buy" rating and set a $65.00 target price on shares of Alarm.com in a research report on Friday, August 7th. Zacks Research upgraded shares of Alarm.com from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 19th. Weiss Ratings raised shares of Alarm.com from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 29th. Barclays boosted their target price on shares of Alarm.com from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Monday, August 10th. Finally, Wall Street Zen raised shares of Alarm.com from a "hold" rating to a "buy" rating in a research report on Sunday, August 16th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Alarm.com has an average rating of "Moderate Buy" and an average target price of $55.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source