PDT Partners LLC Takes $248,000 Position 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 stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,460 shares of the software maker's stock, valued at approximately $248,000.

Other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in 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 last quarter. Larson Financial Group LLC raised its holdings in Alarm.com by 235.5% in the 1st quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock valued at $51,000 after buying an additional 643 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Alarm.com in the first quarter valued at about $73,000. GAMMA Investing LLC boosted its stake in Alarm.com by 87.9% during the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock worth $109,000 after buying an additional 919 shares during the period. Finally, CWM LLC increased its position in shares of Alarm.com by 95.5% during the first quarter. CWM LLC now owns 2,031 shares of the software maker's stock valued at $113,000 after acquiring an additional 992 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Stock Down 0.2%

Shares of ALRM opened at $56.95 on Friday. The company's 50-day simple moving average is $56.30 and its 200-day simple moving average is $56.25. 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 1 year low of $48.23 and a 1 year high of $70.06. The stock has a market capitalization of $2.84 billion, a PE ratio of 23.93, a P/E/G ratio of 2.84 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. The firm had revenue of $254.31 million during the quarter, compared to analysts' expectations of $243.96 million. Alarm.com had a net margin of 13.27% and a return on equity of 13.84%. The business's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 earnings per share. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. Analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Alarm.com

In other 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 value of $42,789.50. Following the sale, the chief financial officer directly owned 53,056 shares in the company, valued at approximately $3,010,928. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.80% of the company's stock.

Analysts Set New Price Targets

Separately, Raymond James Financial lowered 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 analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $64.33.

About Alarm.com

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.

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