Landscape Capital Management L.L.C. Grows Stock Holdings in Alarm.com Holdings, Inc. $ALRM

Key Points

• Landscape Capital Management L.L.C. has significantly increased its stake in Alarm.com Holdings, Inc. by 231.6% in Q1, acquiring an additional 67,225 shares for a total of 96,255 shares valued at approximately $5.36 million.
• Despite a mixed outlook from analysts, with price objectives varying, Alarm.com reported better-than-expected quarterly earnings of $0.60 per share, surpassing the consensus estimate of $0.52.
• Alarm.com’s stock recently rose by 2.5%, with current trading around $58.52 and a market cap of approximately $2.92 billion.

Landscape Capital Management L.L.C. boosted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 231.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,255 shares of the software maker's stock after purchasing an additional 67,225 shares during the quarter. Landscape Capital Management L.L.C. owned about 0.19% of Alarm.com worth $5,357,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. lifted 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 worth $39,000 after purchasing an additional 533 shares in the last quarter. Larson Financial Group LLC lifted its stake in Alarm.com by 235.5% in the 1st 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 lifted its stake in Alarm.com by 43.0% in the 4th 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. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Alarm.com in the 1st quarter worth $73,000. Finally, GAMMA Investing LLC lifted its stake in Alarm.com by 87.9% in the 1st 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. Hedge funds and other institutional investors own 91.74% of the company's stock.

Analyst Upgrades and Downgrades

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

Alarm.com Price Performance

Shares of Alarm.com stock traded down $0.12 during trading hours on Monday, reaching $58.63. The company's stock had a trading volume of 363,054 shares, compared to its average volume of 400,580. The firm has a 50 day moving average price of $56.24 and a 200-day moving average price of $56.34. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year 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 stock has a market cap of $2.93 billion, a P/E ratio of 24.63, a P/E/G ratio of 2.92 and a beta of 1.07.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its earnings results on Thursday, August 7th. The software maker reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.08. The firm had revenue of $254.31 million for the quarter, compared to the consensus estimate of $243.96 million. Alarm.com had a net margin of 13.27% and a return on equity of 13.84%. The business's quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 EPS. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. On average, analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Insider Transactions at Alarm.com

In other Alarm.com news, CFO Kevin Christopher Bradley sold 754 shares of the business's stock in a transaction dated 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 directly owned 53,056 shares of the company's stock, valued at $3,010,928. The trade was a 1.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.60% of the stock is currently owned by company insiders.

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.