AlphaQuest LLC Has $1.73 Million Holdings in Alarm.com Holdings, Inc. $ALRM

Key Points

• AlphaQuest LLC increased its holdings in Alarm.com by 138.9%, owning 31,154 shares worth $1.73 million after acquiring 18,116 shares in Q1.
• Alarm.com reported a quarterly EPS of $0.60, exceeding analysts' expectations of $0.52, with revenue of $254.31 million, up 8.8% from the previous year.
• A majority of Alarm.com stock, 91.74%, is currently held by institutional investors, highlighting strong confidence in the company among institutional players.

AlphaQuest LLC grew its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 138.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 31,154 shares of the software maker's stock after acquiring an additional 18,116 shares during the period. AlphaQuest LLC owned about 0.06% of Alarm.com worth $1,734,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bessemer Group Inc. lifted its holdings in shares of Alarm.com by 304.6% during the first 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 last quarter. Larson Financial Group LLC raised its holdings in Alarm.com by 235.5% during the 1st quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock worth $51,000 after buying an additional 643 shares during the period. Quarry LP lifted its stake in Alarm.com by 43.0% during the fourth quarter. Quarry LP now owns 1,008 shares of the software maker's stock valued at $61,000 after buying an additional 303 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Alarm.com in the first quarter worth about $73,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Alarm.com by 87.9% in the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock worth $109,000 after buying an additional 919 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Raymond James Financial reduced 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 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 given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.33.

Alarm.com Stock Up 2.5%

ALRM traded up $1.42 on Wednesday, reaching $58.52. 260,495 shares of the company traded hands, compared to its average volume of 349,307. Alarm.com Holdings, Inc. has a 52-week low of $48.23 and a 52-week high of $70.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.95 and a quick ratio of 1.82. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 2.88 and a beta of 0.97. The stock's 50 day moving average price is $56.10 and its 200-day moving average price is $56.48.

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. Alarm.com had a net margin of 13.27% and a return on equity of 13.84%. The business had revenue of $254.31 million for the quarter, compared to analysts' expectations of $243.96 million. During the same period in the previous year, the company posted $0.58 EPS. Alarm.com's revenue was up 8.8% on a year-over-year basis. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. On average, sell-side analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Insider Buying and Selling at Alarm.com

In other news, CFO Kevin Christopher Bradley sold 754 shares of Alarm.com stock in a transaction dated Wednesday, July 2nd. The stock was 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. The trade was a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.60% of the stock is owned by company insiders.

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.