Burgundy Asset Management Ltd. Has $58.58 Million Stake in Alarm.com Holdings, Inc. $ALRM

Burgundy Asset Management Ltd. grew its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 999,208 shares of the software maker’s stock after acquiring an additional 13,326 shares during the period. Burgundy Asset Management Ltd.’s holdings in Alarm.com were worth $58,584,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Optiver Holding B.V. acquired a new stake in Alarm.com during the 3rd quarter valued at $25,000. Strengthening Families & Communities LLC bought a new stake in shares of Alarm.com during the third quarter worth $27,000. Hantz Financial Services Inc. increased its stake in shares of 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 buying an additional 765 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Alarm.com in the second quarter valued at about $43,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Alarm.com in the third quarter valued at about $46,000. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Stock Performance

Shares of Alarm.com stock opened at $50.12 on Thursday. The firm has a fifty day moving average of $48.91 and a two-hundred day moving average of $51.39. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.78 and a current ratio of 1.92. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.73 and a beta of 0.80. Alarm.com Holdings, Inc. has a 52 week low of $43.00 and a 52 week high of $60.76.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, February 19th. The software maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. The business had revenue of $261.66 million during the quarter, compared to analysts’ expectations of $250.75 million. Alarm.com had a return on equity of 14.79% and a net margin of 13.11%.The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 earnings per share. Alarm.com has set its FY 2026 guidance at 2.780-2.790 EPS. As a group, equities research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on ALRM shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a report on Tuesday, January 27th. Zacks Research raised shares of Alarm.com from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Barclays dropped their price objective on shares of Alarm.com from $56.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. reduced their price objective on Alarm.com from $55.00 to $40.00 and set an “underweight” rating on the stock in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Alarm.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

Insider Buying and Selling at Alarm.com

In related news, insider Jeffrey A. Bedell sold 22,727 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $51.82, for a total value of $1,177,713.14. Following the completion of the sale, the insider owned 505,805 shares in the company, valued at $26,210,815.10. This represents a 4.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $60,319.58. Following the sale, the director directly owned 6,123 shares in the company, valued at $320,049.21. The trade was a 15.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 26,154 shares of company stock valued at $1,357,388 in the last three months. 5.80% of the stock is owned by company insiders.

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.