PDT Partners LLC Invests $248,000 in Alarm.com Holdings, Inc. $ALRM

Key Points

• PDT Partners LLC recently acquired a new stake in Alarm.com Holdings, purchasing 4,460 shares valued at approximately $248,000.
• Alarm.com reported quarterly earnings of $0.60 per share, surpassing analysts' expectations, with a revenue of $254.31 million, representing an 8.8% increase year-over-year.
• Currently, 91.74% of Alarm.com's shares are owned by institutional investors and hedge funds, indicating strong investor interest.

PDT Partners LLC purchased a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,460 shares of the software maker's stock, valued at approximately $248,000.

Several other large investors also recently added to or reduced their stakes in ALRM. Bessemer Group Inc. increased its position in shares of Alarm.com by 304.6% during the first quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock worth $39,000 after acquiring an additional 533 shares during the period. Principal Financial Group Inc. grew its stake 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 worth $15,102,000 after purchasing an additional 6,078 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Alarm.com during the 1st quarter worth $241,000. GAMMA Investing LLC raised its position in Alarm.com by 87.9% during the 1st 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 in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Alarm.com by 32.6% in the 1st quarter. SG Americas Securities LLC now owns 13,886 shares of the software maker's stock worth $773,000 after buying an additional 3,413 shares during the period. 91.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Alarm.com from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. Two 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 issued a Sell rating to the stock. According to MarketBeat.com, Alarm.com has an average rating of "Moderate Buy" and an average target price of $64.33.

Alarm.com Stock Up 2.4%

NASDAQ ALRM traded up $1.34 on Thursday, hitting $56.56. The stock had a trading volume of 398,301 shares, compared to its average volume of 305,133. The business's fifty day moving average price is $56.23 and its 200 day moving average price is $56.14. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 2.75 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. Alarm.com Holdings, Inc. has a 52-week low of $48.23 and a 52-week high of $70.06.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The software maker reported $0.60 earnings per share for the quarter, topping 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 firm had revenue of $254.31 million during the quarter, compared to analysts' expectations of $243.96 million. During the same quarter last year, the firm earned $0.58 EPS. The business's quarterly revenue was up 8.8% on a year-over-year basis. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. Equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Insider Activity

In other news, CFO Kevin Christopher Bradley sold 754 shares of Alarm.com stock in a transaction on 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. The trade was a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.80% of the company's stock.

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.