Nuveen LLC Makes New $21.58 Million Investment in Alarm.com Holdings, Inc. $ALRM

Key Points

• Nuveen LLC has acquired 387,852 shares of Alarm.com Holdings, valued at approximately $21.58 million, representing 0.78% ownership.
• Alarm.com reported a quarterly earnings per share (EPS) of $0.60, surpassing expectations, with a revenue of $254.31 million, up 8.8% year-over-year.
• Raymond James Financial has lowered its price target for Alarm.com from $85.00 to $80.00 while maintaining a "strong-buy" rating on the stock.

Nuveen LLC purchased a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 387,852 shares of the software maker's stock, valued at approximately $21,584,000. Nuveen LLC owned approximately 0.78% of Alarm.com as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in shares of Alarm.com by 304.6% during the first quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock worth $39,000 after buying an additional 533 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Alarm.com by 235.5% during the first quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock worth $51,000 after buying an additional 643 shares in the last quarter. Quarry LP increased its holdings in shares of Alarm.com by 43.0% during the fourth quarter. Quarry LP now owns 1,008 shares of the software maker's stock worth $61,000 after buying an additional 303 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Alarm.com by 87.9% during the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock worth $109,000 after buying an additional 919 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Alarm.com by 95.5% during the first quarter. CWM LLC now owns 2,031 shares of the software maker's stock worth $113,000 after buying an additional 992 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Trading Up 3.8%

NASDAQ ALRM traded up $2.18 on Friday, reaching $59.16. The company had a trading volume of 352,737 shares, compared to its average volume of 387,549. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 2.94 and a beta of 0.97. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $70.06. The business has a 50 day moving average of $56.10 and a two-hundred day moving average of $56.55. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.95 and a quick ratio of 1.82.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The software maker reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.08. The business had revenue of $254.31 million during the quarter, compared to the consensus estimate of $243.96 million. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%.Alarm.com's quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. Analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Insider Transactions at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 7,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $57.68, for a total transaction of $403,760.00. Following the completion of the sale, the insider directly owned 42,192 shares in the company, valued at approximately $2,433,634.56. This trade represents a 14.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kevin Christopher Bradley sold 754 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $56.75, for a total value of $42,789.50. Following the sale, the chief financial officer owned 53,056 shares of the company's stock, valued at approximately $3,010,928. The trade was a 1.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.80% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial decreased their price objective on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a report on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $64.33.

About Alarm.com

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.