T. Rowe Price Investment Management Inc. Has $26.95 Million Position in Alarm.com Holdings, Inc. $ALRM

Key Points

• T. Rowe Price Investment Management Inc. increased its holdings in Alarm.com Holdings, Inc. by 7.0%, owning approximately $26.95 million worth of stock after purchasing 31,866 additional shares.
• The company reported earnings of $0.60 per share for the last quarter, exceeding analysts' expectations, with revenue reaching $254.31 million – an 8.8% increase compared to the previous year.
• Alarm.com's stock currently has a consensus rating of "Moderate Buy" with a price target of $64.33, despite Raymond James Financial lowering its price objective from $85.00 to $80.00.

T. Rowe Price Investment Management Inc. increased its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 484,266 shares of the software maker's stock after purchasing an additional 31,866 shares during the period. T. Rowe Price Investment Management Inc. owned 0.97% of Alarm.com worth $26,950,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. KBC Group NV lifted its stake in shares of Alarm.com by 10.8% in the 1st quarter. KBC Group NV now owns 2,128 shares of the software maker's stock worth $118,000 after acquiring an additional 208 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Alarm.com by 1.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 13,865 shares of the software maker's stock worth $772,000 after acquiring an additional 232 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Alarm.com by 1.0% in the 4th quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker's stock valued at $1,710,000 after purchasing an additional 281 shares during the period. Aviso Financial Inc. boosted its holdings in shares of Alarm.com by 2.3% in the first quarter. Aviso Financial Inc. now owns 13,550 shares of the software maker's stock worth $754,000 after buying an additional 300 shares during the period. Finally, Quarry LP increased its position in shares of Alarm.com by 43.0% in the fourth quarter. Quarry LP now owns 1,008 shares of the software maker's stock worth $61,000 after acquiring an additional 303 shares in the last quarter. Institutional investors own 91.74% of the company's stock.

Insider Buying and Selling at Alarm.com

In related 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 owned 53,056 shares in the company, valued at approximately $3,010,928. This represents a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Raymond James Financial lowered their target price on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a research note on Friday, May 9th. One equities research 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $64.33.

Alarm.com Trading Up 0.4%

Shares of Alarm.com stock traded up $0.26 during trading on Thursday, hitting $58.78. 154,860 shares of the company were exchanged, compared to its average volume of 348,111. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.95 and a quick ratio of 1.82. The firm has a market capitalization of $2.93 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 2.84 and a beta of 0.97. The firm's fifty day moving average price is $56.14 and its 200 day moving average price is $56.49. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $70.06.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its earnings results on Thursday, August 7th. The software maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. Alarm.com had a net margin of 13.27% and a return on equity of 13.84%. The firm had revenue of $254.31 million during the quarter, compared to the consensus estimate of $243.96 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. 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. As a group, sell-side analysts expect that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Alarm.com 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.