Voya Investment Management LLC Acquires 12,257 Shares of Alarm.com Holdings, Inc. $ALRM

Key Points

• Voya Investment Management LLC increased its stake in Alarm.com Holdings by 44.8% during the first quarter, owning 39,629 shares valued at $2,205,000.
• Alarm.com received an upgrade from Zacks Research, moving from a "hold" to a "strong-buy" rating, with a consensus price target of $64.33.
• In its latest earnings report, Alarm.com reported $0.60 EPS, exceeding estimates by $0.08, with revenues of $254.31 million, a year-over-year increase of 8.8%.

Voya Investment Management LLC boosted its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 44.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,629 shares of the software maker's stock after acquiring an additional 12,257 shares during the quarter. Voya Investment Management LLC owned 0.08% of Alarm.com worth $2,205,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. grew its position in Alarm.com by 304.6% in the 1st 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 period. Larson Financial Group LLC lifted its stake in shares of Alarm.com by 235.5% in the 1st quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock valued at $51,000 after acquiring an additional 643 shares during the last quarter. Strs Ohio purchased a new stake in shares of Alarm.com during the first quarter worth about $56,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Alarm.com during the 1st quarter valued at about $73,000. Finally, GAMMA Investing LLC boosted its stake in Alarm.com by 87.9% during the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock worth $109,000 after acquiring an additional 919 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

Alarm.com Price Performance

NASDAQ ALRM traded up $0.52 on Monday, hitting $55.85. The company had a trading volume of 470,528 shares, compared to its average volume of 341,186. 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 12-month low of $48.23 and a 12-month high of $70.06. The company has a market capitalization of $2.79 billion, a PE ratio of 29.43, a PEG ratio of 2.75 and a beta of 1.07. The company's fifty day moving average price is $56.11 and its 200-day moving average price is $55.95.

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

Analysts Set New Price Targets

Separately, Zacks Research raised Alarm.com from a "hold" rating to a "strong-buy" rating in a research note 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Alarm.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.33.

Insider Transactions at Alarm.com

In other Alarm.com news, CFO Kevin Christopher Bradley sold 754 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $56.75, for a total transaction of $42,789.50. Following the completion of the sale, the chief financial officer directly owned 53,056 shares in the company, valued at $3,010,928. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.60% of the company's stock.

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.