Sei Investments Co. Sells 56,766 Shares of Alarm.com Holdings, Inc. $ALRM

Key Points

• Sei Investments cut its Alarm.com stake by 42.8% in the first quarter, selling 56,766 shares and retaining 76,006 shares worth approximately $3.28 million. Institutional investors and hedge funds collectively own 91.74% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $53.33. Barclays raised its target to $55, while Raymond James maintained a Strong Buy rating with a $65 target.
• Alarm.com reported a quarterly earnings beat, posting $0.77 in EPS versus the $0.65 estimate and revenue of $277.73 million, up 9.2% year over year. Shares opened at $57.53, near the company’s 12-month high of $59.53.

Sei Investments Co. lowered its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 42.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,006 shares of the software maker's stock after selling 56,766 shares during the quarter. Sei Investments Co. owned approximately 0.15% of Alarm.com worth $3,283,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System increased its stake in Alarm.com by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 43,287 shares of the software maker's stock worth $2,449,000 after purchasing an additional 226 shares during the period. Stifel Financial Corp grew its holdings in shares of Alarm.com by 1.8% in the fourth quarter. Stifel Financial Corp now owns 14,176 shares of the software maker's stock worth $723,000 after purchasing an additional 254 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Alarm.com by 3.0% in the fourth quarter. ProShare Advisors LLC now owns 9,284 shares of the software maker's stock worth $474,000 after purchasing an additional 269 shares during the last quarter. Covestor Ltd increased its stake in shares of Alarm.com by 67.3% in the fourth quarter. Covestor Ltd now owns 691 shares of the software maker's stock worth $35,000 after buying an additional 278 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Alarm.com by 1.3% in the fourth quarter. State of Alaska Department of Revenue now owns 27,944 shares of the software maker's stock worth $1,424,000 after buying an additional 368 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALRM has been the subject of several analyst reports. Barclays increased their price target on shares of Alarm.com from $50.00 to $55.00 and gave the company an "equal weight" rating in a research report on Friday, May 8th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $65.00 price objective on shares of Alarm.com in a research note on Friday. Weiss Ratings upgraded shares of Alarm.com from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 29th. Finally, Wall Street Zen cut Alarm.com from a "buy" rating to a "hold" rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Alarm.com currently has a consensus rating of "Hold" and a consensus target price of $53.33.

Insider Activity at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 8,000 shares of the firm's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $46.23, for a total value of $369,840.00. Following the completion of the sale, the insider directly owned 55,099 shares in the company, valued at $2,547,226.77. This trade represents a 12.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kevin Christopher Bradley sold 2,200 shares of Alarm.com stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $46.15, for a total value of $101,530.00. Following the sale, the chief financial officer directly owned 84,346 shares in the company, valued at approximately $3,892,567.90. The trade was a 2.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 31,893 shares of company stock valued at $1,428,505 in the last three months. Corporate insiders own 4.80% of the company's stock.

Alarm.com Stock Up 2.2%

Shares of Alarm.com stock opened at $57.53 on Friday. The company has a current ratio of 5.16, a quick ratio of 4.55 and a debt-to-equity ratio of 0.57. The company's fifty day simple moving average is $49.52 and its two-hundred day simple moving average is $47.13. The company has a market cap of $2.85 billion, a P/E ratio of 25.46, a PEG ratio of 1.89 and a beta of 0.76. Alarm.com Holdings, Inc. has a 12-month low of $41.49 and a 12-month high of $59.53.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The software maker reported $0.77 EPS for the quarter, topping the consensus estimate of $0.65 by $0.12. The business had revenue of $277.73 million during the quarter, compared to analyst estimates of $264.96 million. Alarm.com had a net margin of 11.11% and a return on equity of 15.74%. The company's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 EPS. Alarm.com has set its FY 2026 guidance at 2.920-2.940 EPS. Research analysts anticipate that Alarm.com Holdings, Inc. will post 2.34 EPS for the current year.

Alarm.com Company Profile

Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company's interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.

Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.

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