Algert Global LLC Lowers Stock Holdings in Alarm.com Holdings, Inc. $ALRM

Key Points

• Algert Global LLC reduced its stake in Alarm.com by 11.2%, now holding 217,885 shares valued at approximately $12.1 million.
• In the latest quarterly earnings, Alarm.com reported an EPS of $0.60, surpassing expectations, with a revenue increase of 8.8% year-over-year.
• Insider transactions included CFO Kevin Christopher Bradley selling 754 shares at $56.75, which indicated a 1.40% decrease in his holdings.

Algert Global LLC cut its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 11.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 217,885 shares of the software maker's stock after selling 27,385 shares during the period. Algert Global LLC owned about 0.44% of Alarm.com worth $12,125,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ALRM. Burgundy Asset Management Ltd. bought a new position in shares of Alarm.com in the 4th quarter worth $42,490,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Alarm.com in the 4th quarter worth $27,506,000. Nuveen LLC bought a new position in shares of Alarm.com in the 1st quarter worth $21,584,000. Public Sector Pension Investment Board raised its position 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 worth $17,284,000 after acquiring an additional 187,398 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Alarm.com in the 4th quarter worth $8,156,000. 91.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Raymond James Financial reduced their price target on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a research report on Friday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $64.33.

Alarm.com Stock Up 3.3%

ALRM stock traded up $1.8750 on Friday, hitting $58.8550. 116,379 shares of the company's stock were exchanged, compared to its average volume of 348,195. 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 price of $56.05 and a two-hundred day moving average price of $56.62. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.82 and a current ratio of 1.95. The stock has a market cap of $2.94 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 2.84 and a beta of 0.97.

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. The firm had revenue of $254.31 million for the quarter, compared to the consensus estimate 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 for the quarter was up 8.8% on a year-over-year basis. During the same period 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, equities research analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Insider Activity

In other news, insider Daniel Ramos sold 7,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $57.68, for a total value of $403,760.00. Following the completion of the transaction, the insider owned 42,192 shares of the company's stock, valued at $2,433,634.56. The trade was a 14.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction, the chief financial officer directly owned 53,056 shares of the company's stock, valued at approximately $3,010,928. This trade represents a 1.40% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.80% of the company's stock.

Alarm.com Company 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.