Vanguard Group Inc. Sells 70,527 Shares of Alarm.com Holdings, Inc. $ALRM

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 position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,230,315 shares of the software maker's stock after selling 70,527 shares during the period. Vanguard Group Inc. owned 12.53% of Alarm.com worth $346,717,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Geneva Capital Management LLC increased its holdings in shares of Alarm.com by 0.9% in the first quarter. Geneva Capital Management LLC now owns 1,310,216 shares of the software maker's stock valued at $72,913,000 after purchasing an additional 12,198 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Alarm.com by 1.5% in the fourth quarter. Northern Trust Corp now owns 704,309 shares of the software maker's stock valued at $42,822,000 after purchasing an additional 10,674 shares in the last quarter. Burgundy Asset Management Ltd. acquired a new stake in shares of Alarm.com in the fourth quarter valued at approximately $42,490,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Alarm.com in the fourth quarter valued at approximately $27,506,000. Finally, Deutsche Bank AG increased its holdings in shares of Alarm.com by 6.2% in the fourth quarter. Deutsche Bank AG now owns 392,711 shares of the software maker's stock valued at $23,877,000 after purchasing an additional 22,831 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

Insider Buying and Selling

In other news, CFO Kevin Christopher Bradley sold 754 shares of the business's stock in a transaction on 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Ramos sold 7,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $57.68, for a total transaction of $403,760.00. Following the completion of the transaction, the insider directly owned 42,192 shares of the company's stock, valued at $2,433,634.56. This trade represents a 14.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,577 shares of company stock worth $1,003,121 over the last ninety days. Insiders own 5.80% of the company's stock.

Analysts Set New Price Targets

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

Alarm.com Trading Down 0.1%

ALRM traded down $0.03 during trading on Thursday, reaching $56.98. 190,425 shares of the company's stock were exchanged, compared to its average volume of 387,647. The company's fifty day moving average price is $56.05 and its 200-day moving average price is $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. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $70.06. The firm has a market capitalization of $2.84 billion, a PE ratio of 23.94, a P/E/G ratio of 2.84 and a beta of 0.97.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its earnings results on Thursday, August 7th. The software maker reported $0.60 EPS for the quarter, topping 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 firm had revenue of $254.31 million during the quarter, compared to analyst estimates of $243.96 million. During the same quarter in the previous year, the business earned $0.58 EPS. The business's quarterly revenue was up 8.8% compared to the same quarter last year. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. As a group, equities analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Alarm.com 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.