Magnetar Financial LLC Buys 11,498 Shares of Alarm.com Holdings, Inc. $ALRM

Key Points

• Magnetar Financial LLC increased its stake in Alarm.com Holdings, Inc. by 220.0%, acquiring an additional 11,498 shares, bringing its total holdings to 16,725 shares valued at approximately $931,000.
• Alarm.com reported earnings of $0.60 per share for the last quarter, exceeding analyst expectations of $0.52, with revenues totaling $254.31 million.
• 91.74% of Alarm.com stock is owned by institutional investors, reflecting strong interest from financial institutions in the company.

Magnetar Financial LLC boosted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 220.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,725 shares of the software maker's stock after purchasing an additional 11,498 shares during the quarter. Magnetar Financial LLC's holdings in Alarm.com were worth $931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ALRM. 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. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Alarm.com in the 1st quarter worth approximately $73,000. 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. Finally, CWM LLC lifted its stake in Alarm.com by 95.5% in the 1st quarter. CWM LLC now owns 2,031 shares of the software maker's stock worth $113,000 after purchasing an additional 992 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alarm.com news, CFO Kevin Christopher Bradley sold 754 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were 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 directly owned 53,056 shares in the company, valued at approximately $3,010,928. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.80% of the company's stock.

Wall Street Analysts Forecast Growth

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 report on Friday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $64.33.

Alarm.com Stock Down 0.7%

NASDAQ ALRM traded down $0.43 during trading hours on Wednesday, reaching $57.00. 302,810 shares of the company's stock traded hands, compared to its average volume of 350,019. Alarm.com Holdings, Inc. has a 52-week low of $48.23 and a 52-week high of $70.06. The firm has a market cap of $2.84 billion, a PE ratio of 23.95, a PEG ratio of 2.92 and a beta of 1.07. The firm has a 50-day simple moving average of $56.27 and a 200 day simple moving average of $56.31. 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 (NASDAQ:ALRM - Get Free Report) last issued 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 during 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%. Alarm.com's revenue was up 8.8% on a year-over-year basis. During the same period last year, the company posted $0.58 EPS. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. Sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS 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.