Handelsbanken Fonder AB Boosts Stake in Alarm.com Holdings, Inc. $ALRM

Handelsbanken Fonder AB lifted its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 19.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 522,200 shares of the software maker’s stock after acquiring an additional 85,000 shares during the period. Handelsbanken Fonder AB owned approximately 1.05% of Alarm.com worth $27,718,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Optiver Holding B.V. purchased a new stake in Alarm.com during the third quarter valued at about $25,000. Strengthening Families & Communities LLC purchased a new position in shares of Alarm.com during the 3rd quarter valued at about $27,000. Hantz Financial Services Inc. raised its holdings in shares of Alarm.com by 2,637.9% during the 3rd 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 stake in Alarm.com in the 2nd quarter worth approximately $43,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Alarm.com in the third quarter worth approximately $46,000. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Alarm.com Stock Performance

Shares of NASDAQ:ALRM opened at $47.85 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.78 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $49.08 and a 200-day moving average price of $51.58. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.70 and a beta of 0.79. Alarm.com Holdings, Inc. has a 12 month low of $43.00 and a 12 month high of $60.76.

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

Insider Buying and Selling

In related 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 value of $60,319.58. Following the completion of the sale, the director owned 6,123 shares of the company’s stock, valued at $320,049.21. This trade represents a 15.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey A. Bedell sold 22,727 shares of Alarm.com stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $51.82, for a total transaction of $1,177,713.14. Following the completion of the sale, the insider owned 505,805 shares in the company, valued at approximately $26,210,815.10. This trade represents a 4.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 26,154 shares of company stock valued at $1,357,388. 5.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

About Alarm.com

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.