4,639 Shares in Alarm.com Holdings, Inc. $ALRM Bought by Ieq Capital LLC

Key Points

• Ieq Capital LLC has acquired 4,639 shares of Alarm.com Holdings, Inc. valued at approximately $258,000, marking a new position for the firm in the software maker's stock.
• Alarm.com recently received a rating upgrade to "strong-buy" from Zacks Research, with a consensus target price of $64.33 among analysts.
• The company reported quarterly earnings of $0.60 per share, exceeding estimates, with revenue growth of 8.8% year-over-year, and projected FY 2025 EPS guidance of 2.400.

Ieq Capital LLC purchased a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,639 shares of the software maker's stock, valued at approximately $258,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. grew its holdings 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 acquiring an additional 533 shares during the period. Larson Financial Group LLC grew its holdings in Alarm.com by 235.5% during the 1st quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock valued at $51,000 after buying an additional 643 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Alarm.com during the 1st quarter valued at $73,000. GAMMA Investing LLC grew its holdings in Alarm.com by 87.9% during the 1st quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock valued at $109,000 after buying an additional 919 shares during the last quarter. Finally, CWM LLC grew its holdings in Alarm.com by 95.5% during the 1st quarter. CWM LLC now owns 2,031 shares of the software maker's stock valued at $113,000 after buying an additional 992 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

Alarm.com Trading Down 1.3%

Shares of Alarm.com stock traded down $0.72 during trading hours on Tuesday, reaching $56.26. 298,761 shares of the company's stock were exchanged, compared to its average volume of 342,979. Alarm.com Holdings, Inc. has a 52-week low of $48.23 and a 52-week high of $70.06. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 2.84 and a beta of 1.07. The company has a fifty day moving average of $56.29 and a 200-day moving average of $56.17. The company has a current ratio of 1.95, a quick ratio of 1.82 and a debt-to-equity ratio of 0.61.

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

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Alarm.com from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Two equities research analysts have 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 company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.33.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CFO Kevin Christopher Bradley sold 754 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $56.75, for a total transaction of $42,789.50. Following the transaction, the chief financial officer owned 53,056 shares of the company's stock, valued at $3,010,928. This represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.60% of the stock is currently owned by corporate insiders.

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.