Alarm.com Holdings, Inc. $ALRM Stock Holdings Increased by Select Equity Group L.P.

Key Points

• Select Equity Group L.P. significantly increased its stake in Alarm.com Holdings, raising its holdings by 587.4% in the first quarter, now owning approximately 200,434 shares worth $11.15 million.
• The stock received a rating upgrade from Zacks Research, changing from "hold" to "strong-buy", indicating positive sentiment among analysts.
• Alarm.com reported earnings of $0.60 EPS for the last quarter, surpassing the consensus estimate of $0.52, with revenues of $254.31 million.

Select Equity Group L.P. boosted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 587.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 200,434 shares of the software maker's stock after acquiring an additional 171,274 shares during the quarter. Select Equity Group L.P. owned 0.40% of Alarm.com worth $11,154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV lifted its stake in shares of Alarm.com by 10.8% during the first quarter. KBC Group NV now owns 2,128 shares of the software maker's stock worth $118,000 after purchasing an additional 208 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Alarm.com by 1.7% during the first quarter. Avantax Advisory Services Inc. now owns 13,865 shares of the software maker's stock worth $772,000 after purchasing an additional 232 shares in the last quarter. Aviso Financial Inc. lifted its stake in shares of Alarm.com by 2.3% during the first quarter. Aviso Financial Inc. now owns 13,550 shares of the software maker's stock worth $754,000 after purchasing an additional 300 shares in the last quarter. Alps Advisors Inc. lifted its stake in shares of Alarm.com by 3.0% during the first quarter. Alps Advisors Inc. now owns 14,363 shares of the software maker's stock worth $799,000 after purchasing an additional 419 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake 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 purchasing an additional 533 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.

Alarm.com Stock Down 1.3%

Shares of NASDAQ:ALRM traded down $0.72 during trading on Tuesday, hitting $56.26. The company's stock had a trading volume of 298,761 shares, compared to its average volume of 342,979. 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. The stock's 50-day moving average price is $56.29 and its two-hundred day moving average price is $56.17. The company has a market capitalization of $2.81 billion, a PE ratio of 23.64, a PEG ratio of 2.84 and a beta of 1.07.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The software maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%.The business had revenue of $254.31 million for the quarter, compared to analysts' expectations of $243.96 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The company's revenue was up 8.8% compared to the same quarter last year. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. As a group, sell-side analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Alarm.com from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Alarm.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.33.

Insider Activity at Alarm.com

In related news, CFO Kevin Christopher Bradley sold 754 shares of the business's stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.60% of the company's stock.

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.