Charles Schwab Investment Management Inc. Grows Holdings in Alarm.com Holdings, Inc. $ALRM

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Alarm.com Holdings, acquiring an additional 5,295 shares to reach a total of 535,678 shares, valued at approximately $29.81 million.
• Alarm.com recently reported earnings per share (EPS) of $0.60 for the quarter, exceeding the consensus estimate of $0.52, with revenue rising 8.8% year-over-year to $254.31 million.
• Insider trading activity revealed significant sales, with insiders selling a total of 17,577 shares worth over $1 million in the past three months, highlighting ongoing changes in ownership dynamics.

Charles Schwab Investment Management Inc. lifted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 535,678 shares of the software maker's stock after purchasing an additional 5,295 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.08% of Alarm.com worth $29,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Geneva Capital Management LLC raised its position in Alarm.com by 0.9% in the 1st quarter. Geneva Capital Management LLC now owns 1,310,216 shares of the software maker's stock worth $72,913,000 after buying an additional 12,198 shares during the last quarter. Northern Trust Corp raised its position in Alarm.com by 1.5% in the 4th quarter. Northern Trust Corp now owns 704,309 shares of the software maker's stock worth $42,822,000 after buying an additional 10,674 shares during the last quarter. Burgundy Asset Management Ltd. purchased a new position in Alarm.com in the 4th quarter worth about $42,490,000. T. Rowe Price Investment Management Inc. purchased a new position in Alarm.com in the 4th quarter worth about $27,506,000. Finally, Deutsche Bank AG raised its position in Alarm.com by 6.2% in the 4th quarter. Deutsche Bank AG now owns 392,711 shares of the software maker's stock worth $23,877,000 after buying an additional 22,831 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial decreased their target price on 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 research 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $64.33.

Insider Activity at Alarm.com

In other news, CFO Kevin Christopher Bradley sold 754 shares of the 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 transaction, the chief financial officer owned 53,056 shares in the company, valued at $3,010,928. This represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Ramos sold 7,000 shares of the 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 in the company, 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. 5.60% of the stock is owned by corporate insiders.

Alarm.com Stock Performance

Shares of NASDAQ:ALRM traded down $1.33 during trading on Monday, hitting $57.83. The company's stock had a trading volume of 377,153 shares, compared to its average volume of 392,238. The company has a 50-day moving average of $56.10 and a 200-day moving average of $56.47. Alarm.com Holdings, Inc. has a 12 month low of $48.23 and a 12 month 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 firm has a market cap of $2.89 billion, a price-to-earnings ratio of 24.30, a P/E/G ratio of 2.94 and a beta of 0.97.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The software maker reported $0.60 earnings per share for the quarter, topping 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 firm had revenue of $254.31 million for the quarter, compared to analysts' expectations of $243.96 million. During the same quarter in the prior year, the business earned $0.58 EPS. The business's quarterly 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 earnings per share for the current 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.