Alarm.com Holdings, Inc. $ALRM Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stake in Alarm.com by 1.1%, owning about 12.53% of the company worth approximately $346.7 million after selling 70,527 shares in the first quarter.
• Raymond James Financial has lowered its price target for Alarm.com shares from $85.00 to $80.00, while maintaining a "strong-buy" rating amid a mixed outlook from analysts.
• Alarm.com reported a quarterly EPS of $0.60, exceeding expectations and achieving an 8.8% year-over-year revenue growth to $254.31 million.

Vanguard Group Inc. lowered its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 1.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,230,315 shares of the software maker's stock after selling 70,527 shares during the quarter. Vanguard Group Inc. owned about 12.53% of Alarm.com worth $346,717,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Burgundy Asset Management Ltd. acquired a new stake in Alarm.com during the 4th quarter valued at approximately $42,490,000. T. Rowe Price Investment Management Inc. acquired a new stake in Alarm.com during the 4th quarter valued at approximately $27,506,000. Mercer Global Advisors Inc. ADV acquired a new stake in Alarm.com during the 4th quarter valued at approximately $8,156,000. GAMMA Investing LLC grew its stake in Alarm.com by 10,359.0% during the 1st quarter. GAMMA Investing LLC now owns 109,297 shares of the software maker's stock valued at $6,082,000 after purchasing an additional 108,252 shares in the last quarter. Finally, Jefferies Financial Group Inc. grew its stake in Alarm.com by 818.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 116,452 shares of the software maker's stock valued at $7,080,000 after purchasing an additional 103,777 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

Alarm.com Stock Performance

Alarm.com stock traded down $0.68 during mid-day trading on Wednesday, hitting $56.73. 86,971 shares of the company's stock traded hands, compared to its average volume of 349,017. The firm has a 50 day moving average price of $56.09 and a 200 day moving average price of $56.64. The company has a quick ratio of 1.82, a current ratio of 1.95 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.83 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 3.00 and a beta of 0.97. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $70.06.

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, beating 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 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. On average, equities analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, insider Daniel Kerzner sold 2,213 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total value of $125,388.58. Following the sale, the insider owned 72,004 shares of the company's stock, valued at approximately $4,079,746.64. The trade was a 2.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey A. Bedell sold 2,204 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total value of $124,878.64. Following the completion of the sale, the insider directly owned 505,805 shares in the company, valued at $28,658,911.30. This represents a 0.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,577 shares of company stock worth $1,003,121. 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.