Summit Creek Advisors LLC Sells 14,580 Shares of Alarm.com Holdings, Inc. $ALRM

Summit Creek Advisors LLC lessened its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,766 shares of the software maker’s stock after selling 14,580 shares during the period. Alarm.com comprises 1.7% of Summit Creek Advisors LLC’s holdings, making the stock its 29th largest position. Summit Creek Advisors LLC’s holdings in Alarm.com were worth $11,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Alarm.com by 101,569.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 947,556 shares of the software maker’s stock valued at $48,344,000 after acquiring an additional 946,624 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Alarm.com by 1,540.0% in the 4th quarter. SG Americas Securities LLC now owns 260,923 shares of the software maker’s stock valued at $13,312,000 after acquiring an additional 245,013 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Alarm.com by 112.4% in the 3rd quarter. Millennium Management LLC now owns 236,006 shares of the software maker’s stock valued at $12,527,000 after acquiring an additional 124,911 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Alarm.com by 1,380.1% in the 3rd quarter. Franklin Resources Inc. now owns 110,181 shares of the software maker’s stock valued at $5,848,000 after acquiring an additional 102,737 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN grew its holdings in shares of Alarm.com by 3.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 3,491,824 shares of the software maker’s stock valued at $197,532,000 after acquiring an additional 102,481 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

Insider Transactions at Alarm.com

In other news, CEO Stephen Trundle sold 2,944 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $43.56, for a total transaction of $128,240.64. Following the completion of the sale, the chief executive officer owned 330,915 shares in the company, valued at $14,414,657.40. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $45.97, for a total value of $69,414.70. Following the sale, the chief financial officer owned 51,546 shares of the company’s stock, valued at approximately $2,369,569.62. This represents a 2.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 7,930 shares of company stock worth $349,070. Insiders own 5.80% of the company’s stock.

Analysts Set New Price Targets

ALRM has been the subject of several analyst reports. Zacks Research cut Alarm.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. JPMorgan Chase & Co. decreased their price objective on Alarm.com from $55.00 to $40.00 and set an “underweight” rating for the company in a report on Wednesday, February 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Alarm.com in a report on Friday, April 24th. Finally, Barclays lifted their price target on Alarm.com from $50.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $47.50.

Alarm.com Trading Up 1.3%

Alarm.com stock opened at $44.04 on Thursday. Alarm.com Holdings, Inc. has a 52 week low of $41.49 and a 52 week high of $59.98. 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 stock has a market capitalization of $2.18 billion, a P/E ratio of 18.27, a PEG ratio of 1.52 and a beta of 0.79. The stock has a 50-day simple moving average of $44.70 and a 200 day simple moving average of $48.00.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. Alarm.com had a return on equity of 14.99% and a net margin of 12.36%.The business had revenue of $265.19 million during the quarter, compared to analysts’ expectations of $250.94 million. During the same quarter last year, the company posted $0.54 earnings per share. Alarm.com’s quarterly revenue was up 11.1% on a year-over-year basis. Alarm.com has set its FY 2026 guidance at 2.810-2.810 EPS. Analysts expect that Alarm.com Holdings, Inc. will post 2.24 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.