Alarm.com Holdings, Inc. $ALRM Position Lessened by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management cut its Alarm.com stake by 37.3% in the third quarter, selling 17,728 shares and retaining 29,796 shares worth approximately $1.62 million. Institutional investors collectively own 91.74% of the company.
• Alarm.com reported quarterly EPS of $0.77, beating estimates of $0.65, while revenue rose 9.2% year over year to $277.73 million. Shares opened at $66.54, near their 52-week high of $66.64.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $55 price target. Company insiders also sold shares, including the CEO’s 50,000-share sale and the CFO’s 5,400-share sale.

Apollon Wealth Management LLC lessened its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 37.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,796 shares of the software maker's stock after selling 17,728 shares during the period. Apollon Wealth Management LLC owned approximately 0.06% of Alarm.com worth $1,623,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ALRM. Cardinal Capital Management grew its holdings in Alarm.com by 4.7% during the third quarter. Cardinal Capital Management now owns 39,080 shares of the software maker's stock worth $2,129,000 after acquiring an additional 1,767 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Alarm.com by 61.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,408 shares of the software maker's stock worth $131,000 after buying an additional 920 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in Alarm.com during the third quarter worth approximately $206,000. Abel Hall LLC grew its position in Alarm.com by 6.3% in the third quarter. Abel Hall LLC now owns 4,725 shares of the software maker's stock worth $257,000 after buying an additional 281 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Alarm.com in the third quarter valued at $706,000. Institutional investors and hedge funds own 91.74% of the company's stock.

Alarm.com Stock Performance

Shares of ALRM stock opened at $66.54 on Friday. Alarm.com Holdings, Inc. has a 1-year low of $41.49 and a 1-year high of $66.64. The company has a current ratio of 4.96, a quick ratio of 4.38 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 2.06 and a beta of 0.76. The stock's fifty day simple moving average is $56.85 and its 200-day simple moving average is $50.03.

Alarm.com (NASDAQ:ALRM - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.12. The firm had revenue of $277.73 million during the quarter, compared to the consensus estimate of $264.96 million. Alarm.com had a return on equity of 15.65% and a net margin of 11.11%. The business's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 EPS. Alarm.com has set its FY 2026 guidance at 2.920-2.940 EPS. On average, sell-side analysts predict that Alarm.com Holdings, Inc. will post 2.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ALRM. Zacks Research lowered Alarm.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 6th. Barclays upped their target price on Alarm.com from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Monday, August 10th. Raymond James Financial reiterated a "strong-buy" rating and issued a $65.00 price target on shares of Alarm.com in a research report on Friday, August 7th. Wall Street Zen raised Alarm.com from a "hold" rating to a "buy" rating in a research note on Sunday, August 16th. Finally, Weiss Ratings raised Alarm.com from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $55.00.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CFO Kevin Bradley sold 5,400 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $55.07, for a total value of $297,378.00. Following the transaction, the chief financial officer owned 78,222 shares in the company, valued at $4,307,685.54. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Stephen Trundle sold 50,000 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $57.67, for a total value of $2,883,500.00. Following the sale, the chief executive officer directly owned 324,842 shares of the company's stock, valued at $18,733,638.14. This trade represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 4.80% of the company's stock.

Alarm.com Company Profile

Alarm.com Holdings, Inc develops cloud-based technology for connected security and smart automation. Its platform helps residential and commercial customers monitor and manage security systems, video cameras, access control, energy use, and other connected devices through mobile applications and web-based tools.

The company's products and services are delivered primarily through a network of authorized service providers, including security dealers and integrators. Its offerings include intrusion detection, smart-home automation, video surveillance, commercial security and access management, energy management, and solutions designed for property managers and other business customers.

Founded in 2000 and headquartered in Vienna, Virginia, Alarm.com serves customers through service providers in the United States and international markets.

Want to see what other hedge funds are holding ALRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.