Handelsbanken Fonder AB Sells 250,000 Shares of Alarm.com Holdings, Inc. $ALRM

Handelsbanken Fonder AB lessened its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 47.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 272,200 shares of the software maker’s stock after selling 250,000 shares during the period. Handelsbanken Fonder AB’s holdings in Alarm.com were worth $13,888,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ALRM. Amundi boosted its holdings in shares of Alarm.com by 6.8% during the first quarter. Amundi now owns 17,532 shares of the software maker’s stock worth $920,000 after acquiring an additional 1,113 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Alarm.com by 7.8% during the first quarter. AQR Capital Management LLC now owns 59,005 shares of the software maker’s stock worth $3,284,000 after acquiring an additional 4,246 shares during the period. Woodline Partners LP bought a new stake in shares of Alarm.com during the first quarter worth approximately $514,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Alarm.com by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,200 shares of the software maker’s stock worth $7,301,000 after acquiring an additional 6,080 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Alarm.com by 610.0% in the first quarter. Jane Street Group LLC now owns 114,715 shares of the software maker’s stock valued at $6,384,000 after buying an additional 98,557 shares during the period. Institutional investors own 91.74% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Stephen Trundle sold 2,944 shares of Alarm.com stock in a transaction on Monday, May 18th. The stock was sold at an average price of $43.56, for a total value of $128,240.64. Following the transaction, the chief executive officer owned 330,915 shares in the company, valued at approximately $14,414,657.40. This trade represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Christopher Bradley sold 1,510 shares of Alarm.com stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $45.97, for a total value of $69,414.70. Following the completion of the transaction, the chief financial officer owned 51,546 shares in the company, valued at approximately $2,369,569.62. The trade was a 2.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 7,930 shares of company stock worth $349,070. 5.80% of the stock is currently owned by company insiders.

Alarm.com Stock Down 0.7%

Shares of ALRM opened at $43.72 on Friday. The firm has a 50 day simple moving average of $44.59 and a two-hundred day simple moving average of $47.96. The company has a debt-to-equity ratio of 0.57, a current ratio of 5.16 and a quick ratio of 4.55. Alarm.com Holdings, Inc. has a one year low of $41.49 and a one year high of $59.98. The company has a market cap of $2.16 billion, a P/E ratio of 18.14, a P/E/G ratio of 1.54 and a beta of 0.79.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, May 7th. The software maker reported $0.65 earnings per share (EPS) for the quarter, beating 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 company had revenue of $265.19 million for the quarter, compared to analyst estimates of $250.94 million. During the same quarter last year, the company posted $0.54 EPS. The company’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. Research analysts forecast that Alarm.com Holdings, Inc. will post 2.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ALRM. Zacks Research cut Alarm.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Alarm.com in a research note on Friday, April 24th. JPMorgan Chase & Co. cut their price target on Alarm.com from $55.00 to $40.00 and set an “underweight” rating for the company in a research note on Wednesday, February 18th. Finally, Barclays boosted their price target on Alarm.com from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $47.50.

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.