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

Key Points

• Assenagon Asset Management cut its Alarm.com holdings by 78% in the second quarter, selling 54,969 shares and retaining 15,473 shares valued at approximately $723,000. Institutional investors collectively own 91.74% of the company.
• Alarm.com exceeded quarterly expectations, reporting $0.77 in EPS versus the $0.65 consensus and revenue of $277.73 million, up 9.2% year over year. The company issued fiscal 2026 EPS guidance of $2.92–$2.94.
• Analyst sentiment remains mixed: Raymond James maintained a “strong buy” with a $65 target, while Barclays set an “equal weight” rating with a $60 target; the overall consensus is “Hold” with a $55 average price target.

Assenagon Asset Management S.A. reduced its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 78.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,473 shares of the software maker's stock after selling 54,969 shares during the period. Assenagon Asset Management S.A.'s holdings in Alarm.com were worth $723,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd increased its position in Alarm.com by 67.3% during the 4th quarter. Covestor Ltd now owns 691 shares of the software maker's stock worth $35,000 after purchasing an additional 278 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in Alarm.com during the fourth quarter worth approximately $47,000. Strs Ohio purchased a new stake in Alarm.com in the 1st quarter worth approximately $56,000. Kemnay Advisory Services Inc. purchased a new stake in Alarm.com in the 4th quarter worth approximately $59,000. Finally, Danske Bank A S acquired a new position in Alarm.com in the 4th quarter valued at $92,000. Institutional investors and hedge funds own 91.74% of the company's stock.

Insiders Place Their Bets

In other news, CEO Stephen Trundle sold 6,073 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $43.78, for a total transaction of $265,875.94. Following the completion of the sale, the chief executive officer owned 324,842 shares of the company's stock, valued at approximately $14,221,582.76. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Daniel Kerzner sold 3,944 shares of Alarm.com stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $43.78, for a total transaction of $172,668.32. Following the completion of the sale, the insider owned 101,141 shares of the company's stock, valued at approximately $4,427,952.98. This trade represents a 3.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 37,293 shares of company stock worth $1,725,883. 4.80% of the stock is owned by insiders.

Alarm.com Stock Down 0.4%

NASDAQ ALRM opened at $55.57 on Friday. The company has a quick ratio of 4.38, a current ratio of 4.96 and a debt-to-equity ratio of 0.57. Alarm.com Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $59.53. The business has a 50 day moving average price of $50.57 and a two-hundred day moving average price of $47.34. The stock has a market cap of $2.75 billion, a PE ratio of 24.59, a P/E/G ratio of 1.86 and a beta of 0.76.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its earnings results on Thursday, August 6th. The software maker reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.12. The business had revenue of $277.73 million for the quarter, compared to analysts' expectations of $264.96 million. Alarm.com had a net margin of 11.11% and a return on equity of 15.65%. The business's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. Alarm.com has set its FY 2026 guidance at 2.920-2.940 EPS. As a group, sell-side analysts predict that Alarm.com Holdings, Inc. will post 2.34 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ALRM. Wall Street Zen raised Alarm.com from a "hold" rating to a "buy" rating in a research note on Sunday. Weiss Ratings raised Alarm.com from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 29th. Raymond James Financial reiterated a "strong-buy" rating and set a $65.00 price objective on shares of Alarm.com in a report on Friday, August 7th. Finally, Barclays raised their target price on shares of Alarm.com from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $55.00.

About Alarm.com

Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company's interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.

Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.

Want to see what other hedge funds are holding ALRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source