Alarm.com Holdings, Inc. $ALRM Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its stake in Alarm.com Holdings, Inc. by 9.4%, owning 83,617 shares valued at approximately $4.65 million.
• Alarm.com received an upgrade to a "strong-buy" rating from Zacks Research, with a consensus price target set at $64.33.
• The company reported Q2 earnings of $0.60 per share, surpassing estimates, alongside a revenue of $254.31 million, up 8.8% year-over-year.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 9.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 83,617 shares of the software maker's stock after purchasing an additional 7,212 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.17% of Alarm.com worth $4,653,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ALRM. Bessemer Group Inc. boosted its holdings in Alarm.com by 304.6% in the first 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. Larson Financial Group LLC boosted its holdings in Alarm.com by 235.5% in the first quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock valued at $51,000 after purchasing an additional 643 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Alarm.com in the first quarter valued at $73,000. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 919 shares during the last quarter. Finally, CWM LLC boosted its holdings in Alarm.com by 95.5% in the first quarter. CWM LLC now owns 2,031 shares of the software maker's stock valued at $113,000 after purchasing an additional 992 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Alarm.com from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $64.33.

Alarm.com Price Performance

Shares of ALRM stock traded down $0.08 during mid-day trading on Monday, hitting $55.60. 334,757 shares of the stock were exchanged, compared to its average volume of 348,149. Alarm.com Holdings, Inc. has a 52-week low of $48.23 and a 52-week high of $70.06. The company has a quick ratio of 1.82, a current ratio of 1.95 and a debt-to-equity ratio of 0.61. The firm has a fifty day moving average of $56.19 and a 200 day moving average of $56.09. The company has a market cap of $2.77 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 2.77 and a beta of 1.07.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The software maker reported $0.60 earnings per share 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 during the quarter, compared to the consensus estimate of $243.96 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The company's revenue for the quarter was up 8.8% on a year-over-year basis. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. Research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

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 completion of the transaction, the chief financial officer owned 53,056 shares in the company, valued at $3,010,928. This represents a 1.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.80% 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.