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

Several other hedge funds also recently added to or reduced their stakes in ALRM. EP Wealth Advisors LLC purchased a new position in Alarm.com in the fourth quarter valued at $205,000. Deutsche Bank AG boosted its holdings in Alarm.com by 6.2% in the fourth quarter. Deutsche Bank AG now owns 392,711 shares of the software maker's stock valued at $23,877,000 after purchasing an additional 22,831 shares during the period. Janus Henderson Group PLC boosted its holdings in Alarm.com by 26.2% in the fourth quarter. Janus Henderson Group PLC now owns 137,174 shares of the software maker's stock valued at $8,341,000 after purchasing an additional 28,510 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Alarm.com in the fourth quarter valued at $1,798,000. Finally, Lazard Asset Management LLC boosted its holdings in Alarm.com by 170.5% in the fourth quarter. Lazard Asset Management LLC now owns 65,417 shares of the software maker's stock valued at $3,977,000 after purchasing an additional 41,231 shares during the period. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CFO Kevin Christopher Bradley sold 754 shares of the stock in a transaction 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 transaction, the chief financial officer owned 53,056 shares of the company's stock, valued at $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 available through this link. 5.60% of the stock is currently owned by corporate insiders.

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 assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.33.

Alarm.com Stock Performance

Shares of NASDAQ ALRM traded up $0.80 during midday trading on Wednesday, reaching $56.25. 38,266 shares of the company were exchanged, compared to its average volume of 346,248. The company has a current ratio of 1.95, a quick ratio of 1.82 and a debt-to-equity ratio of 0.61. Alarm.com Holdings, Inc. has a 1 year low of $48.23 and a 1 year high of $70.06. The stock has a fifty day simple moving average of $56.14 and a 200 day simple moving average of $56.06. The stock has a market cap of $2.81 billion, a P/E ratio of 23.64, a PEG ratio of 2.77 and a beta of 1.07.

Alarm.com (NASDAQ:ALRM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The software maker reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.08. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%.The company had revenue of $254.31 million for the quarter, compared to analyst estimates of $243.96 million. During the same quarter in the previous year, the company earned $0.58 EPS. The firm's revenue for the quarter 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. On average, research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal 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.