Alarm.com Holdings, Inc. $ALRM Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC reduced its stake in Alarm.com by 46.7% during the first quarter, selling 235,151 shares to own approximately 0.54% of the company, valued at $14.9 million.
• Analysts have upgraded Alarm.com shares from a "hold" to a "strong-buy" rating, reflecting a positive outlook with a consensus target price of $64.33.
• Alarm.com reported earnings of $0.60 per share, surpassing analysts' expectations, with a revenue of $254.31 million, marking an 8.8% year-over-year increase.

Acadian Asset Management LLC cut its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 46.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 268,662 shares of the software maker's stock after selling 235,151 shares during the quarter. Acadian Asset Management LLC owned about 0.54% of Alarm.com worth $14,942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Intech Investment Management LLC grew its holdings in shares of Alarm.com by 20.6% during the 1st quarter. Intech Investment Management LLC now owns 31,356 shares of the software maker's stock worth $1,745,000 after purchasing an additional 5,363 shares during the period. Jane Street Group LLC raised its stake in shares of Alarm.com by 610.0% in the 1st quarter. Jane Street Group LLC now owns 114,715 shares of the software maker's stock valued at $6,384,000 after acquiring an additional 98,557 shares during the period. Bayforest Capital Ltd raised its stake in shares of Alarm.com by 351.4% in the 1st quarter. Bayforest Capital Ltd now owns 4,830 shares of the software maker's stock valued at $269,000 after acquiring an additional 3,760 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Alarm.com by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,200 shares of the software maker's stock valued at $7,301,000 after acquiring an additional 6,080 shares during the period. Finally, Woodline Partners LP purchased a new stake in shares of Alarm.com in the 1st quarter valued at approximately $514,000. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alarm.com

In other news, CFO Kevin Christopher Bradley sold 754 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $56.75, for a total value of $42,789.50. Following the sale, the chief financial officer directly owned 53,056 shares in the company, 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. Insiders own 5.80% of the company's stock.

Analyst Upgrades and Downgrades

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

Alarm.com Stock Down 0.1%

ALRM traded down $0.08 during trading hours on Monday, hitting $55.60. 334,757 shares of the company's stock were exchanged, compared to its average volume of 348,149. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $70.06. The firm has a 50 day moving average of $56.19 and a 200 day moving average of $56.09. The firm has a market cap of $2.77 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 2.77 and a beta of 1.07. 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 announced its earnings results on Thursday, August 7th. The software maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. Alarm.com had a net margin of 13.27% and a return on equity of 13.84%. The firm had revenue of $254.31 million for the quarter, compared to the consensus estimate of $243.96 million. During the same period in the prior year, the firm earned $0.58 EPS. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. Analysts predict 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.