Alarm.com (NASDAQ:ALRM) CEO Stephen Trundle Acquires 12,469 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRM) CEO Stephen Trundle acquired 12,469 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were bought at an average cost of $48.53 per share, for a total transaction of $605,120.57. Following the acquisition, the chief executive officer owned 1,305,343 shares of the company’s stock, valued at $63,348,295.79. This represents a 0.96% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Stephen Trundle also recently made the following trade(s):

• On Thursday, November 20th, Stephen Trundle bought 10,000 shares of Alarm.com stock. The stock was bought at an average cost of $48.07 per share, with a total value of $480,700.00.
• On Tuesday, November 18th, Stephen Trundle purchased 3,531 shares of Alarm.com stock. The shares were bought at an average price of $48.57 per share, with a total value of $171,500.67.

Alarm.com Price Performance

Shares of NASDAQ:ALRM traded down $0.51 during trading on Thursday, hitting $47.64. 319,832 shares of the stock were exchanged, compared to its average volume of 360,235. The company has a market cap of $2.38 billion, a PE ratio of 20.19, a P/E/G ratio of 1.86 and a beta of 1.06. The company has a current ratio of 2.06, a quick ratio of 1.92 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average price of $51.43 and a two-hundred day moving average price of $54.90. Alarm.com Holdings, Inc. has a 12-month low of $46.65 and a 12-month high of $70.06.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.14. The firm had revenue of $256.40 million during the quarter, compared to the consensus estimate of $251.14 million. Alarm.com had a return on equity of 14.26% and a net margin of 12.92%.Alarm.com’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business posted $0.62 EPS. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. On average, analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Hedge Funds Weigh In On Alarm.com

Institutional investors and hedge funds have recently modified their holdings of the company. Optiver Holding B.V. acquired a new position in Alarm.com in the 3rd quarter valued at $25,000. Strengthening Families & Communities LLC purchased a new stake in shares of Alarm.com in the third quarter valued at $27,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Alarm.com in the second quarter valued at $43,000. Hantz Financial Services Inc. increased its stake in Alarm.com by 2,637.9% in the third quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock valued at $42,000 after purchasing an additional 765 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in Alarm.com during the third quarter worth about $46,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alarm.com in a research note on Thursday, October 30th. Zacks Research upgraded shares of Alarm.com from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Finally, Barclays cut their target price on shares of Alarm.com from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.67.

Alarm.com Company 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.