Principal Financial Group Inc. Increases Position in Alarm.com Holdings, Inc. $ALRM

Principal Financial Group Inc. increased its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 5.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 300,204 shares of the software maker’s stock after buying an additional 14,967 shares during the period. Principal Financial Group Inc. owned 0.61% of Alarm.com worth $12,966,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Argos Wealth Advisors LLC increased its holdings in shares of Alarm.com by 6.8% during the first quarter. Argos Wealth Advisors LLC now owns 13,375 shares of the software maker’s stock valued at $578,000 after acquiring an additional 852 shares in the last quarter. Inspire Investing LLC raised its holdings in Alarm.com by 30.1% in the first quarter. Inspire Investing LLC now owns 11,870 shares of the software maker’s stock worth $513,000 after buying an additional 2,745 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Alarm.com in the first quarter worth approximately $954,000. SG Americas Securities LLC lifted its stake in shares of Alarm.com by 85.3% in the first quarter. SG Americas Securities LLC now owns 483,486 shares of the software maker’s stock worth $20,882,000 after buying an additional 222,563 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Alarm.com during the fourth quarter valued at approximately $264,000. Institutional investors own 91.74% of the company’s stock.

Insiders Place Their Bets

In other Alarm.com news, CFO Kevin Christopher Bradley sold 2,200 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $46.15, for a total transaction of $101,530.00. Following the completion of the sale, the chief financial officer directly owned 84,346 shares of the company’s stock, valued at $3,892,567.90. This trade represents a 2.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stephen Trundle sold 6,073 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $43.78, for a total transaction of $265,875.94. Following the completion of the transaction, the chief executive officer directly owned 324,842 shares in the company, valued at $14,221,582.76. This trade represents a 1.84% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 31,893 shares of company stock worth $1,428,505. 4.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the company. Wall Street Zen upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Barclays boosted their target price on Alarm.com from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings raised shares of Alarm.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $47.50.

Alarm.com Stock Performance

NASDAQ:ALRM opened at $51.78 on Friday. The stock has a 50-day simple moving average of $47.22 and a two-hundred day simple moving average of $46.85. Alarm.com Holdings, Inc. has a 52-week low of $41.49 and a 52-week high of $59.53. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.55 and a current ratio of 5.16. The firm has a market capitalization of $2.56 billion, a PE ratio of 21.49, a P/E/G ratio of 1.69 and a beta of 0.77.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $0.65 EPS for the quarter, topping the consensus estimate of $0.60 by $0.05. Alarm.com had a return on equity of 14.99% and a net margin of 12.36%.The firm had revenue of $265.19 million for the quarter, compared to the consensus estimate of $250.94 million. During the same quarter last year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Alarm.com has set its FY 2026 guidance at 2.810-2.810 EPS. Analysts forecast that Alarm.com Holdings, Inc. will post 2.34 EPS for the current year.

Alarm.com Company 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.