Assenagon Asset Management S.A. Decreases Holdings in Alarm.com Holdings, Inc. $ALRM

Key Points

• Assenagon Asset Management has decreased its holdings in Alarm.com Holdings, Inc. by 11.3%, now owning approximately 0.54% of the company valued at $15.25 million after selling 34,466 shares.
• Alarm.com reported earnings of $0.60 per share for the last quarter, exceeding analysts' estimates, with a revenue of $254.31 million, an 8.8% year-over-year increase.
• Analyst ratings for Alarm.com show a consensus of Moderate Buy with an average price target of $64.33.

Assenagon Asset Management S.A. cut its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 11.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 269,512 shares of the software maker's stock after selling 34,466 shares during the period. Assenagon Asset Management S.A. owned about 0.54% of Alarm.com worth $15,246,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. increased its position in 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 acquiring an additional 533 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Alarm.com by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 271,379 shares of the software maker's stock valued at $15,102,000 after purchasing an additional 6,078 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Alarm.com during the 1st quarter valued at about $241,000. GAMMA Investing LLC increased its position in shares of Alarm.com by 87.9% during the 1st quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock valued at $109,000 after purchasing an additional 919 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in Alarm.com by 90.9% during the first quarter. Dynamic Technology Lab Private Ltd now owns 24,432 shares of the software maker's stock valued at $1,359,000 after buying an additional 11,632 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.

Alarm.com Trading Up 0.9%

ALRM stock opened at $55.85 on Tuesday. The firm has a fifty day moving average price of $56.11 and a 200 day moving average price of $55.95. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $70.06. 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 firm has a market cap of $2.79 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07.

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

Analyst Ratings Changes

Separately, Zacks Research raised shares of Alarm.com from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Alarm.com presently has an average rating of "Moderate Buy" and a consensus price target of $64.33.

Insider Activity at Alarm.com

In other news, CFO Kevin Christopher Bradley sold 754 shares of Alarm.com stock in a transaction that occurred on Wednesday, July 2nd. The stock was 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 in the company, valued at approximately $3,010,928. The trade was a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.

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