Alarm.com Holdings, Inc. $ALRM Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp has reduced its stake in Alarm.com Holdings, Inc. by 1.8%, now holding 691,605 shares valued at approximately $38.5 million.
• Following the trend, several large investors increased their holdings in Alarm.com, with significant increases from firms like Bessemer Group Inc. and CWM LLC.
• Wall Street analysts have lowered Alarm.com's price target from $85 to $80, yet maintain a "strong-buy" rating, indicating continued investor confidence despite the adjustment.

Northern Trust Corp trimmed its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 691,605 shares of the software maker's stock after selling 12,704 shares during the period. Northern Trust Corp owned 1.39% of Alarm.com worth $38,488,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ALRM. Burgundy Asset Management Ltd. purchased a new stake in Alarm.com during the 4th quarter worth $42,490,000. Nuveen LLC purchased a new position in Alarm.com in the 1st quarter valued at about $21,584,000. Public Sector Pension Investment Board boosted its position in Alarm.com by 152.1% in the 1st quarter. Public Sector Pension Investment Board now owns 310,588 shares of the software maker's stock valued at $17,284,000 after buying an additional 187,398 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Alarm.com in the 4th quarter valued at about $8,156,000. Finally, GAMMA Investing LLC boosted its position in Alarm.com by 10,359.0% in the 1st quarter. GAMMA Investing LLC now owns 109,297 shares of the software maker's stock valued at $6,082,000 after buying an additional 108,252 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial decreased their price objective on shares of 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 investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $64.33.

Insiders Place Their Bets

In related news, CFO Kevin Christopher Bradley sold 754 shares of the 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 sale, the chief financial officer owned 53,056 shares in the company, valued at $3,010,928. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is currently owned by company insiders.

Alarm.com Stock Down 0.7%

Shares of Alarm.com stock traded down $0.43 during trading on Wednesday, reaching $57.00. The company had a trading volume of 302,810 shares, compared to its average volume of 386,612. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 2.92 and a beta of 1.07. The firm's fifty day moving average is $56.27 and its 200-day moving average is $56.32. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.82 and a current ratio of 1.95. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $70.06.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its 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 business had revenue of $254.31 million for the quarter, compared to analyst estimates of $243.96 million. Alarm.com had a net margin of 13.27% and a return on equity of 13.84%. The company's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 EPS. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. On average, analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current 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.