Burgundy Asset Management Ltd. Has $49.10 Million Stock Position in Alarm.com Holdings, Inc. $ALRM

Key Points

• Burgundy Asset Management Ltd. increased its stake in Alarm.com Holdings, Inc. by 26.3%, owning approximately 1.77% of the company, valued at $49.1 million.
• Insider transactions include Jeffrey A. Bedell selling 2,204 shares and Daniel Ramos selling 7,000 shares, representing decreases of 0.43% and 14.23% in their respective holdings.
• Analysts have given Alarm.com a consensus rating of "Moderate Buy", with the average price target currently at $64.33, down from a previous target of $85.00 set by Raymond James Financial.

Burgundy Asset Management Ltd. lifted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 26.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 882,351 shares of the software maker's stock after acquiring an additional 183,503 shares during the quarter. Burgundy Asset Management Ltd. owned approximately 1.77% of Alarm.com worth $49,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bessemer Group Inc. increased its stake in shares of Alarm.com by 304.6% in the first quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock worth $39,000 after acquiring an additional 533 shares during the last quarter. Principal Financial Group Inc. increased its position in Alarm.com by 2.3% during the first quarter. Principal Financial Group Inc. now owns 271,379 shares of the software maker's stock worth $15,102,000 after buying an additional 6,078 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Alarm.com during the first quarter worth $241,000. GAMMA Investing LLC grew its position 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 valued at $109,000 after purchasing an additional 919 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Alarm.com by 32.6% in the first quarter. SG Americas Securities LLC now owns 13,886 shares of the software maker's stock valued at $773,000 after purchasing an additional 3,413 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial lowered their price target on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a research report on Friday, May 9th. One equities research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Alarm.com has a consensus rating of "Moderate Buy" and a consensus price target of $64.33.

Insider Buying and Selling

In other news, CFO Kevin Christopher Bradley sold 754 shares of Alarm.com stock in a transaction that occurred 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 in the company, valued at approximately $3,010,928. The trade was a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel Ramos sold 7,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $57.68, for a total transaction of $403,760.00. Following the completion of the transaction, the insider 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. 5.80% of the stock is currently owned by insiders.

Alarm.com Stock Performance

ALRM stock traded up $1.7660 during trading on Friday, reaching $58.7460. 121,921 shares of the stock were exchanged, compared to its average volume of 348,235. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $70.06. The company has a market capitalization of $2.93 billion, a P/E ratio of 24.72, a price-to-earnings-growth ratio of 2.84 and a beta of 0.97. The stock has a 50 day simple moving average of $56.05 and a 200-day simple moving average of $56.62. The company has a current ratio of 1.95, a quick ratio of 1.82 and a debt-to-equity ratio of 0.61.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its earnings results on Thursday, August 7th. The software maker reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.08. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%.The business had revenue of $254.31 million for the quarter, compared to the consensus estimate of $243.96 million. During the same period last year, the business earned $0.58 earnings per share. The firm's revenue for the quarter 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, sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

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.