Cubist Systematic Strategies LLC Buys Shares of 76,428 Alarm.com Holdings, Inc. $ALRM

Key Points

• Cubist Systematic Strategies LLC acquired a new stake in Alarm.com Holdings, purchasing 76,428 shares valued at approximately $4.25 million during the first quarter of 2023.
• Over 91% of Alarm.com stock is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.
• Alarm.com reported a net margin of 13.27% and earnings per share of $0.60 for the last quarter, exceeding analysts' expectations and showing an 8.8% increase in revenue year-over-year.

Cubist Systematic Strategies LLC acquired a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 76,428 shares of the software maker's stock, valued at approximately $4,253,000. Cubist Systematic Strategies LLC owned approximately 0.15% of Alarm.com at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its holdings in shares of Alarm.com by 29.5% in the 4th quarter. Stifel Financial Corp now owns 17,116 shares of the software maker's stock valued at $1,041,000 after buying an additional 3,896 shares during the period. Northern Trust Corp lifted its holdings in Alarm.com by 1.5% in the fourth quarter. Northern Trust Corp now owns 704,309 shares of the software maker's stock valued at $42,822,000 after acquiring an additional 10,674 shares during the period. EP Wealth Advisors LLC acquired a new stake in Alarm.com in the fourth quarter valued at $205,000. Deutsche Bank AG grew its stake in shares of Alarm.com by 6.2% during the 4th quarter. Deutsche Bank AG now owns 392,711 shares of the software maker's stock worth $23,877,000 after purchasing an additional 22,831 shares during the period. Finally, Graham Capital Management L.P. grew its stake in shares of Alarm.com by 63.2% during the 4th quarter. Graham Capital Management L.P. now owns 47,377 shares of the software maker's stock worth $2,881,000 after purchasing an additional 18,354 shares during the period. Institutional investors and hedge funds own 91.74% of the company's stock.

Alarm.com Price Performance

Shares of NASDAQ:ALRM traded down $1.04 during midday trading on Wednesday, hitting $55.22. 322,579 shares of the stock were exchanged, compared to its average volume of 327,367. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $70.06. The company has a current ratio of 1.95, a quick ratio of 1.82 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $56.25 and a 200-day moving average price of $56.16. The stock has a market cap of $2.76 billion, a P/E ratio of 23.20, a PEG ratio of 2.80 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, beating analysts' consensus estimates of $0.52 by $0.08. The firm had revenue of $254.31 million for 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 firm's revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 EPS. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. On average, research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Insider Buying and Selling at Alarm.com

In related 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 transaction of $42,789.50. Following the completion of the transaction, the chief financial officer directly owned 53,056 shares in the company, valued at $3,010,928. The trade was a 1.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Alarm.com from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. Two equities 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.33.

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.