Alarm.com Holdings, Inc. $ALRM Stock Purchased by Summit Global Investments

Summit Global Investments raised its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 368.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,200 shares of the software maker’s stock after purchasing an additional 21,388 shares during the period. Summit Global Investments’ holdings in Alarm.com were worth $1,482,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Alarm.com during the 2nd quarter worth about $28,000. Allworth Financial LP boosted its holdings in shares of Alarm.com by 435.5% during the 2nd quarter. Allworth Financial LP now owns 980 shares of the software maker’s stock worth $46,000 after buying an additional 797 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Alarm.com by 661.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the software maker’s stock worth $58,000 after buying an additional 926 shares during the period. Versant Capital Management Inc grew its position in shares of Alarm.com by 261.0% in the second quarter. Versant Capital Management Inc now owns 2,231 shares of the software maker’s stock valued at $104,000 after purchasing an additional 1,613 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Alarm.com by 21.2% during the first quarter. Pacer Advisors Inc. now owns 2,312 shares of the software maker’s stock worth $100,000 after purchasing an additional 404 shares during the period. 91.74% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Kevin Bradley sold 5,400 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $55.07, for a total transaction of $297,378.00. Following the sale, the chief financial officer directly owned 78,222 shares of the company’s stock, valued at approximately $4,307,685.54. This represents a 6.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Trundle sold 50,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $57.67, for a total value of $2,883,500.00. Following the completion of the transaction, the chief executive officer owned 324,842 shares in the company, valued at $18,733,638.14. The trade was a 13.34% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.80% of the stock is owned by company insiders.

Alarm.com Stock Performance

Shares of NASDAQ:ALRM opened at $64.86 on Monday. Alarm.com Holdings, Inc. has a 12-month low of $41.49 and a 12-month high of $67.41. The company’s 50 day moving average price is $57.01 and its two-hundred day moving average price is $50.10. The firm has a market cap of $3.21 billion, a PE ratio of 28.70, a PEG ratio of 2.06 and a beta of 0.76. The company has a quick ratio of 4.38, a current ratio of 4.96 and a debt-to-equity ratio of 0.57.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, August 6th. The software maker reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.12. The company had revenue of $277.73 million during the quarter, compared to the consensus estimate of $264.96 million. Alarm.com had a net margin of 11.11% and a return on equity of 15.65%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. Alarm.com has set its FY 2026 guidance at 2.920-2.940 EPS. Equities research analysts predict that Alarm.com Holdings, Inc. will post 2.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Sunday, August 16th. Barclays upped their price objective on Alarm.com from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. JPMorgan Chase & Co. increased their price objective on Alarm.com from $40.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday. Zacks Research downgraded Alarm.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Finally, Weiss Ratings raised shares of Alarm.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Alarm.com currently has an average rating of “Hold” and a consensus price target of $58.33.

Alarm.com Company Profile

Alarm.com Holdings, Inc develops cloud-based technology for connected security and smart automation. Its platform helps residential and commercial customers monitor and manage security systems, video cameras, access control, energy use, and other connected devices through mobile applications and web-based tools.

The company’s products and services are delivered primarily through a network of authorized service providers, including security dealers and integrators. Its offerings include intrusion detection, smart-home automation, video surveillance, commercial security and access management, energy management, and solutions designed for property managers and other business customers.

Founded in 2000 and headquartered in Vienna, Virginia, Alarm.com serves customers through service providers in the United States and international markets.