AlphaQuest LLC Buys Shares of 43,582 Alarm.com Holdings, Inc. $ALRM

AlphaQuest LLC acquired a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 43,582 shares of the software maker’s stock, valued at approximately $2,313,000. AlphaQuest LLC owned 0.09% of Alarm.com at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Amundi boosted its holdings in Alarm.com by 6.8% in the 1st quarter. Amundi now owns 17,532 shares of the software maker’s stock worth $920,000 after buying an additional 1,113 shares during the period. AQR Capital Management LLC lifted its position in shares of Alarm.com by 7.8% in the first quarter. AQR Capital Management LLC now owns 59,005 shares of the software maker’s stock valued at $3,284,000 after acquiring an additional 4,246 shares in the last quarter. Woodline Partners LP bought a new position in shares of Alarm.com in the first quarter worth about $514,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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 purchasing an additional 6,080 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in Alarm.com by 610.0% during the 1st quarter. Jane Street Group LLC now owns 114,715 shares of the software maker’s stock valued at $6,384,000 after purchasing an additional 98,557 shares during the period. 91.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on ALRM. Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a report on Tuesday. Barclays cut 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. Finally, Zacks Research downgraded Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $64.67.

Insider Buying and Selling

In other Alarm.com news, insider Jeffrey A. Bedell sold 22,727 shares of the stock in a transaction dated 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 directly owned 505,805 shares of the company’s stock, valued at approximately $26,210,815.10. This represents a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Trundle acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were acquired at an average price of $48.07 per share, with a total value of $480,700.00. Following the acquisition, the chief executive officer owned 1,315,343 shares in the company, valued at approximately $63,228,538.01. The trade was a 0.77% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 26,000 shares of company stock worth $1,257,321 and sold 56,158 shares worth $2,866,689. 5.80% of the stock is owned by corporate insiders.

Alarm.com Stock Down 0.2%

Shares of NASDAQ ALRM opened at $48.78 on Friday. Alarm.com Holdings, Inc. has a 1 year low of $46.65 and a 1 year high of $64.26. The firm has a 50-day simple moving average of $51.39 and a two-hundred day simple moving average of $52.77. The company has a market cap of $2.43 billion, a P/E ratio of 20.67, a PEG ratio of 1.79 and a beta of 0.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.06 and a quick ratio of 1.92.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.14. The company 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%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. Research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share 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.