Ieq Capital LLC Invests $258,000 in Alarm.com Holdings, Inc. $ALRM

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 stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,639 shares of the software maker's stock, valued at approximately $258,000.

Several other large investors have also made changes to their positions in ALRM. Burgundy Asset Management Ltd. bought a new stake in shares of Alarm.com in the 4th quarter valued at approximately $42,490,000. Nuveen LLC bought a new stake in shares of Alarm.com in the 1st quarter valued at approximately $21,584,000. Public Sector Pension Investment Board grew its stake in shares of Alarm.com by 152.1% in the 1st quarter. Public Sector Pension Investment Board now owns 310,588 shares of the software maker's stock valued at $17,284,000 after buying an additional 187,398 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Alarm.com by 10,359.0% in the 1st quarter. GAMMA Investing LLC now owns 109,297 shares of the software maker's stock valued at $6,082,000 after buying an additional 108,252 shares in the last quarter. Finally, Jefferies Financial Group Inc. boosted its position in Alarm.com by 818.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 116,452 shares of the software maker's stock worth $7,080,000 after purchasing an additional 103,777 shares during the period. Institutional investors own 91.74% of the company's stock.

Insider Activity at Alarm.com

In other news, CFO Kevin Christopher Bradley sold 754 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 53,056 shares in the company, valued at $3,010,928. The trade was a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Alarm.com from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Alarm.com currently has a consensus rating of "Moderate Buy" and an average price target of $64.33.

Alarm.com Stock Performance

Alarm.com stock traded down $0.88 during trading hours on Friday, reaching $55.68. 337,100 shares of the company were exchanged, compared to its average volume of 302,045. Alarm.com Holdings, Inc. has a 12 month low of $48.23 and a 12 month high of $70.06. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.81 and a beta of 1.07. The stock has a 50-day moving average of $56.19 and a 200 day moving average of $56.11. 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 EPS 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 during the quarter, compared to analyst estimates of $243.96 million. During the same period in the previous year, the company earned $0.58 earnings per share. The company's quarterly revenue 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. As a group, research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current 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.