Quantbot Technologies LP Has $555,000 Stock Holdings in Alarm.com Holdings, Inc. $ALRM

Key Points

• Quantbot Technologies LP reduced its stake in Alarm.com Holdings, Inc. by 42.5%, selling 7,361 shares and maintaining a total of 9,971 shares valued at approximately $555,000.
• Recently, multiple hedge funds significantly increased their stakes in Alarm.com, with Bessemer Group Inc. raising its position by 304.6% in the first quarter.
• Analysts have set a new price target for Alarm.com shares at $80.00, down from $85.00, while the stock holds a consensus rating of "Moderate Buy".

Quantbot Technologies LP lowered its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 42.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,971 shares of the software maker's stock after selling 7,361 shares during the period. Quantbot Technologies LP's holdings in Alarm.com were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ALRM. Bessemer Group Inc. grew its position 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 in the last quarter. Larson Financial Group LLC grew its stake 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 in the last quarter. Quarry LP grew its stake in Alarm.com by 43.0% in the fourth quarter. Quarry LP now owns 1,008 shares of the software maker's stock valued at $61,000 after purchasing an additional 303 shares in the last quarter. GAMMA Investing LLC grew its stake 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 in the last quarter. Finally, CWM LLC grew its stake 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 in the last quarter. Institutional investors own 91.74% of the company's stock.

Analyst Ratings Changes

Separately, Raymond James Financial decreased their price target on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a research note on Friday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $64.33.

Alarm.com Stock Performance

NASDAQ:ALRM traded up $0.23 during mid-day trading on Thursday, hitting $58.75. 474,866 shares of the stock were exchanged, compared to its average volume of 398,804. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 2.91 and a beta of 0.97. The firm's 50-day simple moving average is $56.19 and its 200 day simple moving average is $56.47. 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 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. The business had revenue of $254.31 million during the quarter, compared to analysts' expectations of $243.96 million. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%.The firm's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.58 EPS. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. As a group, equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alarm.com news, CFO Kevin Christopher Bradley sold 754 shares of Alarm.com 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 completion of the transaction, the chief financial officer directly owned 53,056 shares of the company's stock, valued at $3,010,928. The trade was a 1.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.80% of the stock is owned by corporate insiders.

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.