Vanguard Group Inc. Sells 21,735 Shares of Alarm.com Holdings, Inc. $ALRM

Vanguard Group Inc. cut its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,232,877 shares of the software maker’s stock after selling 21,735 shares during the quarter. Vanguard Group Inc. owned approximately 12.49% of Alarm.com worth $330,841,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Strengthening Families & Communities LLC purchased a new position in Alarm.com in the third quarter valued at about $27,000. Hantz Financial Services Inc. increased its holdings in shares of Alarm.com by 2,637.9% during the third quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock valued at $42,000 after acquiring an additional 765 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Alarm.com in the 2nd quarter worth approximately $43,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Alarm.com during the 3rd quarter valued at approximately $46,000. Finally, Strs Ohio purchased a new position in shares of Alarm.com in the first quarter worth $56,000. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Trading Down 1.7%

Shares of ALRM opened at $47.85 on Friday. Alarm.com Holdings, Inc. has a 52-week low of $43.00 and a 52-week high of $60.76. The stock has a market cap of $2.38 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.70 and a beta of 0.79. The firm’s fifty day moving average is $49.08 and its two-hundred day moving average is $51.58. The company has a quick ratio of 1.78, a current ratio of 1.92 and a debt-to-equity ratio of 0.58.

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

Wall Street Analyst Weigh In

A number of analysts have commented on ALRM shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alarm.com in a research report 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 on the stock in a report on Wednesday, February 18th. Zacks Research upgraded shares of Alarm.com from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Barclays cut their price objective on shares of Alarm.com from $56.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, February 20th. Two investment 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.00.

Insider Buying and Selling

In related news, Director Stephen C. Evans sold 1,154 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $52.27, for a total transaction of $60,319.58. Following the completion of the transaction, the director owned 6,123 shares of the company’s stock, valued at approximately $320,049.21. This trade represents a 15.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey A. Bedell sold 22,727 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $51.82, for a total transaction of $1,177,713.14. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,154 shares of company stock worth $1,357,388 over the last quarter. 5.80% of the stock is currently owned by insiders.

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.