Stephen Trundle Purchases 3,531 Shares of Alarm.com (NASDAQ:ALRM) Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) CEO Stephen Trundle bought 3,531 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were purchased at an average price of $48.57 per share, for a total transaction of $171,500.67. Following the transaction, the chief executive officer directly owned 1,292,874 shares of the company’s stock, valued at approximately $62,794,890.18. This represents a 0.27% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, November 20th, Stephen Trundle purchased 10,000 shares of Alarm.com stock. The shares were purchased at an average price of $48.07 per share, for a total transaction of $480,700.00.
• On Wednesday, November 19th, Stephen Trundle acquired 12,469 shares of Alarm.com stock. The stock was purchased at an average price of $48.53 per share, with a total value of $605,120.57.

Alarm.com Stock Performance

Shares of ALRM stock traded down $0.51 during trading hours on Thursday, hitting $47.64. The stock had a trading volume of 319,832 shares, compared to its average volume of 356,128. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.06 and a quick ratio of 1.92. The firm has a market capitalization of $2.38 billion, a PE ratio of 23.60, a PEG ratio of 1.83 and a beta of 1.06. The stock’s 50 day moving average is $51.25 and its 200 day moving average is $54.84. Alarm.com Holdings, Inc. has a twelve month low of $46.65 and a twelve month high of $70.06.

Alarm.com (NASDAQ:ALRM) last issued 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 firm had revenue of $256.40 million during the quarter, compared to analysts’ expectations of $251.14 million. Alarm.com had a net margin of 12.92% and a return on equity of 14.26%. Alarm.com’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. As a group, research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alarm.com

A number of large investors have recently made changes to their positions in ALRM. Norges Bank acquired a new stake in shares of Alarm.com during the 2nd quarter valued at approximately $33,459,000. Nuveen LLC acquired a new position in Alarm.com during the first quarter worth $21,584,000. Public Sector Pension Investment Board boosted its position in Alarm.com by 152.1% during the first quarter. Public Sector Pension Investment Board now owns 310,588 shares of the software maker’s stock worth $17,284,000 after purchasing an additional 187,398 shares in the last quarter. Burgundy Asset Management Ltd. grew its holdings in Alarm.com by 26.3% in the first quarter. Burgundy Asset Management Ltd. now owns 882,351 shares of the software maker’s stock valued at $49,103,000 after purchasing an additional 183,503 shares during the last quarter. Finally, Select Equity Group L.P. increased its position in shares of Alarm.com by 587.4% in the first quarter. Select Equity Group L.P. now owns 200,434 shares of the software maker’s stock valued at $11,154,000 after buying an additional 171,274 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Analyst Ratings Changes

ALRM has been the subject of a number of recent research reports. Barclays decreased their price objective on 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. Zacks Research raised Alarm.com from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Alarm.com currently has a consensus rating of “Moderate Buy” and a consensus target price 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.