Alarm.com Holdings, Inc. $ALRM Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 539.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,153 shares of the software maker's stock after buying an additional 159,574 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.38% of Alarm.com worth $10,526,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ALRM. KBC Group NV raised its stake in Alarm.com by 10.8% in the 1st quarter. KBC Group NV now owns 2,128 shares of the software maker's stock valued at $118,000 after purchasing an additional 208 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in Alarm.com by 1.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 13,865 shares of the software maker's stock valued at $772,000 after purchasing an additional 232 shares during the last quarter. Aviso Financial Inc. raised its stake in Alarm.com by 2.3% in the 1st quarter. Aviso Financial Inc. now owns 13,550 shares of the software maker's stock valued at $754,000 after purchasing an additional 300 shares during the last quarter. Alps Advisors Inc. raised its stake in Alarm.com by 3.0% in the 1st quarter. Alps Advisors Inc. now owns 14,363 shares of the software maker's stock valued at $799,000 after purchasing an additional 419 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in Alarm.com by 304.6% in the 1st quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock valued at $39,000 after purchasing an additional 533 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Alarm.com from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Two research analysts have 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 stock. Based on data from MarketBeat.com, Alarm.com currently has a consensus rating of "Moderate Buy" and an average price target of $64.33.

Insiders Place Their Bets

In related news, CFO Kevin Christopher Bradley sold 754 shares of the business's 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 sale, the chief financial officer owned 53,056 shares in the company, valued at $3,010,928. The trade was a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.80% of the stock is currently owned by insiders.

Alarm.com Stock Down 1.6%

ALRM stock traded down $0.88 during mid-day trading on Friday, reaching $55.68. The company had a trading volume of 337,100 shares, compared to its average volume of 302,045. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.82 and a current ratio of 1.95. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 2.81 and a beta of 1.07. The firm has a fifty day simple moving average of $56.19 and a 200 day simple moving average of $56.10. 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 posted its quarterly earnings results 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. The company had revenue of $254.31 million for 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%.Alarm.com's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.58 EPS. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. Analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal 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.