Acadian Asset Management LLC Has $14.94 Million Position in Alarm.com Holdings, Inc. $ALRM

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 lessened its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 46.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 268,662 shares of the software maker's stock after selling 235,151 shares during the period. Acadian Asset Management LLC owned approximately 0.54% of Alarm.com worth $14,942,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Bessemer Group Inc. grew its stake 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 valued at $39,000 after purchasing an additional 533 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Alarm.com by 2.3% in the first quarter. Principal Financial Group Inc. now owns 271,379 shares of the software maker's stock valued at $15,102,000 after acquiring an additional 6,078 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Alarm.com in the first quarter valued at approximately $241,000. GAMMA Investing LLC boosted its stake in Alarm.com by 87.9% in the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock valued at $109,000 after acquiring an additional 919 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its stake in Alarm.com by 90.9% in the first quarter. Dynamic Technology Lab Private Ltd now owns 24,432 shares of the software maker's stock valued at $1,359,000 after acquiring an additional 11,632 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

Alarm.com Stock Up 0.8%

ALRM stock traded up $0.47 during midday trading on Wednesday, hitting $55.92. The company's stock had a trading volume of 64,110 shares, compared to its average volume of 346,410. 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 Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $70.06. The company's fifty day moving average price is $56.14 and its 200 day moving average price is $56.06. The stock has a market capitalization of $2.79 billion, a P/E ratio of 23.50, a PEG ratio of 2.77 and a beta of 1.07.

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

Analyst Ratings Changes

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 equities 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $64.33.

Insider Transactions at Alarm.com

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

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.