Alarm.com Holdings, Inc. $ALRM Stake Raised by Burgundy Asset Management Ltd.

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. increased its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 26.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 882,351 shares of the software maker's stock after buying an additional 183,503 shares during the quarter. Burgundy Asset Management Ltd. owned about 1.77% of Alarm.com worth $49,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. grew 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 purchasing an additional 533 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Alarm.com by 235.5% in the first quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock worth $51,000 after purchasing an additional 643 shares in the last quarter. Quarry LP grew its stake in shares of Alarm.com by 43.0% in the fourth quarter. Quarry LP now owns 1,008 shares of the software maker's stock worth $61,000 after purchasing an additional 303 shares in the last quarter. GAMMA Investing LLC grew its stake 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 purchasing an additional 919 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Alarm.com by 95.5% in the first quarter. CWM LLC now owns 2,031 shares of the software maker's stock worth $113,000 after purchasing an additional 992 shares in the last quarter. Institutional investors own 91.74% of the company's stock.

Insiders Place Their Bets

In other news, insider Jeffrey A. Bedell sold 2,204 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total transaction of $124,878.64. Following the completion of the sale, the insider directly owned 505,805 shares of the company's stock, valued at $28,658,911.30. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daniel Ramos sold 7,000 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $57.68, for a total value of $403,760.00. Following the sale, the insider directly owned 42,192 shares of the company's stock, valued at approximately $2,433,634.56. This represents a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,577 shares of company stock valued at $1,003,121. 5.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Alarm.com Price Performance

Shares of Alarm.com stock traded down $0.40 during trading on Wednesday, hitting $57.01. The stock had a trading volume of 345,987 shares, compared to its average volume of 350,701. 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 firm has a market cap of $2.84 billion, a P/E ratio of 23.95, a PEG ratio of 3.00 and a beta of 0.97. The business has a fifty day moving average of $56.09 and a two-hundred day moving average of $56.64. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $70.06.

Alarm.com (NASDAQ:ALRM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The software maker reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $254.31 million during the quarter, compared to analyst estimates of $243.96 million. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%.The company's revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share. 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 earnings per share for the current fiscal 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.