Graham Capital Management L.P. Purchases 7,687 Shares of Alarm.com Holdings, Inc. $ALRM

Key Points

• Graham Capital Management L.P. increased its stake in Alarm.com Holdings, Inc. by 16.2% in the first quarter, owning approximately 0.11% of the company, worth $3,064,000.
• Alarm.com recently reported $0.60 EPS for the quarter, exceeding analysts' expectations, with revenues of $254.31 million, an 8.8% increase year-over-year.
• Currently, Alarm.com has a consensus rating of "Moderate Buy" from analysts, with a price target of $64.33.

Graham Capital Management L.P. grew its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 16.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,064 shares of the software maker's stock after purchasing an additional 7,687 shares during the period. Graham Capital Management L.P. owned approximately 0.11% of Alarm.com worth $3,064,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. grew its stake in Alarm.com by 304.6% during the first quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock valued at $39,000 after acquiring an additional 533 shares in the last quarter. Larson Financial Group LLC grew its stake in Alarm.com by 235.5% during the first quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock valued at $51,000 after acquiring an additional 643 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Alarm.com during the first quarter valued at approximately $73,000. GAMMA Investing LLC grew its stake in Alarm.com by 87.9% during the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock valued at $109,000 after acquiring an additional 919 shares in the last quarter. Finally, CWM LLC grew its stake in Alarm.com by 95.5% during the first quarter. CWM LLC now owns 2,031 shares of the software maker's stock valued at $113,000 after acquiring an additional 992 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.

Insider Activity

In other news, CFO Kevin Christopher Bradley sold 754 shares of the company's stock in a transaction 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 sale, the chief financial officer owned 53,056 shares of the company's stock, valued at approximately $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 accessible through this link. Company insiders own 5.60% of the company's stock.

Alarm.com Price Performance

ALRM stock traded up $0.09 during midday trading on Thursday, reaching $57.09. The company had a trading volume of 266,998 shares, compared to its average volume of 349,524. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.95 and a quick ratio of 1.82. Alarm.com Holdings, Inc. has a 1 year low of $48.23 and a 1 year high of $70.06. The company has a market capitalization of $2.85 billion, a P/E ratio of 23.99, a P/E/G ratio of 2.92 and a beta of 1.07. The firm has a 50-day moving average price of $56.27 and a 200-day moving average price of $56.32.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.08. Alarm.com had a net margin of 13.27% and a return on equity of 13.84%. The company had revenue of $254.31 million during the quarter, compared to analysts' expectations of $243.96 million. During the same quarter in the prior year, the company earned $0.58 EPS. The firm's 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, research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Raymond James Financial reduced their price objective on shares of 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 assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $64.33.

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.