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 Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 387,852 shares of the software maker's stock, valued at approximately $21,584,000. Nuveen LLC owned about 0.78% of Alarm.com as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. grew its stake in shares of Alarm.com by 304.6% in the 1st quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock worth $39,000 after buying an additional 533 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Alarm.com by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 271,379 shares of the software maker's stock worth $15,102,000 after buying an additional 6,078 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Alarm.com in the 1st quarter worth approximately $241,000. GAMMA Investing LLC grew its stake in shares of Alarm.com by 87.9% in the 1st quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock worth $109,000 after buying an additional 919 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Alarm.com by 32.6% in the 1st quarter. SG Americas Securities LLC now owns 13,886 shares of the software maker's stock worth $773,000 after buying an additional 3,413 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.

Insider Buying and Selling at Alarm.com

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

Wall Street Analysts Forecast Growth

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

Alarm.com Stock Performance

Shares of NASDAQ ALRM traded up $2.03 during midday trading on Friday, hitting $59.01. 160,481 shares of the stock traded hands, compared to its average volume of 348,447. The firm has a 50-day moving average of $56.05 and a two-hundred day moving average of $56.62. The firm has a market capitalization of $2.94 billion, a P/E ratio of 24.84, a PEG ratio of 2.84 and a beta of 0.97. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.82 and a current ratio of 1.95. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $70.06.

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

Alarm.com 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.