AlphaQuest LLC Takes $2.31 Million Position in Alarm.com Holdings, Inc. $ALRM

AlphaQuest LLC purchased a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 43,582 shares of the software maker’s stock, valued at approximately $2,313,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ALRM. Elevation Point Wealth Partners LLC acquired a new position in shares of Alarm.com in the 2nd quarter valued at $43,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Alarm.com in the third quarter valued at $46,000. Strs Ohio acquired a new position in shares of Alarm.com in the first quarter worth about $56,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Alarm.com during the 2nd quarter worth about $57,000. Finally, Harbor Investment Advisory LLC grew its position in shares of Alarm.com by 25.4% during the 3rd quarter. Harbor Investment Advisory LLC now owns 1,694 shares of the software maker’s stock valued at $90,000 after acquiring an additional 343 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

Alarm.com Trading Down 0.2%

Shares of ALRM opened at $48.78 on Friday. 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 firm has a 50-day moving average price of $51.39 and a 200 day moving average price of $52.77. Alarm.com Holdings, Inc. has a 12-month low of $46.65 and a 12-month high of $64.26. The firm has a market capitalization of $2.43 billion, a P/E ratio of 20.67, a P/E/G ratio of 1.79 and a beta of 0.81.

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

Analyst Ratings Changes

A number of analysts have recently commented on ALRM shares. Zacks Research cut Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Barclays reduced their price objective 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. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Alarm.com in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Alarm.com currently has a consensus rating of “Hold” and a consensus target price of $64.67.

Insider Activity at Alarm.com

In other news, Director Stephen C. Evans sold 1,154 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $52.27, for a total transaction of $60,319.58. Following the completion of the transaction, the director directly owned 6,123 shares in the company, valued at $320,049.21. This trade represents a 15.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel Kerzner sold 20,004 shares of Alarm.com stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $50.29, for a total value of $1,006,001.16. Following the completion of the transaction, the insider directly owned 52,000 shares of the company’s stock, valued at approximately $2,615,080. This represents a 27.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 26,000 shares of company stock worth $1,257,321 and sold 56,158 shares worth $2,866,689. Company insiders own 5.80% of the company’s stock.

Alarm.com 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.