Magnetar Financial LLC Raises Stock Position in 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 increased its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 220.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,725 shares of the software maker's stock after acquiring an additional 11,498 shares during the quarter. Magnetar Financial LLC's holdings in Alarm.com were worth $931,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted 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. Principal Financial Group Inc. boosted its holdings in Alarm.com by 2.3% in the first quarter. Principal Financial Group Inc. now owns 271,379 shares of the software maker's stock valued at $15,102,000 after purchasing an additional 6,078 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Alarm.com during the first quarter worth $241,000. GAMMA Investing LLC increased its position in shares of Alarm.com by 87.9% in the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock valued at $109,000 after buying an additional 919 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Alarm.com by 32.6% during the first quarter. SG Americas Securities LLC now owns 13,886 shares of the software maker's stock valued at $773,000 after acquiring an additional 3,413 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.

Analysts Set New Price Targets

Separately, Raymond James Financial reduced their price target on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a research report on Friday, May 9th. One 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 given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $64.33.

Insider Buying and Selling at Alarm.com

In related news, CFO Kevin Christopher Bradley sold 754 shares of the company'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 transaction, the chief financial officer directly owned 53,056 shares in the company, 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 SEC, which is accessible through this hyperlink. 5.80% of the stock is currently owned by company insiders.

Alarm.com Price Performance

NASDAQ:ALRM traded down $0.16 during trading hours on Friday, reaching $56.94. 72,052 shares of the company were exchanged, compared to its average volume of 347,856. 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 $2.84 billion, a P/E ratio of 23.93, a P/E/G ratio of 2.84 and a beta of 1.07. 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 business has a 50 day moving average of $56.29 and a 200 day moving average of $56.28.

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

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.