Summit Creek Advisors LLC Invests $2.76 Million in Alarm.com Holdings, Inc. $ALRM

Summit Creek Advisors LLC bought a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 59,056 shares of the software maker’s stock, valued at approximately $2,759,000.

A number of other large investors have also modified their holdings of ALRM. Swedbank AB boosted its holdings in Alarm.com by 713.1% in the 4th quarter. Swedbank AB now owns 45,316 shares of the software maker’s stock worth $2,312,000 after acquiring an additional 39,743 shares during the period. Vanguard Group Inc. raised its stake in shares of Alarm.com by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,286,541 shares of the software maker’s stock valued at $320,739,000 after purchasing an additional 53,664 shares during the period. LSV Asset Management raised its stake in shares of Alarm.com by 95.4% during the fourth quarter. LSV Asset Management now owns 119,400 shares of the software maker’s stock valued at $6,092,000 after purchasing an additional 58,300 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Alarm.com during the first quarter worth $954,000. Finally, Jackson Creek Investment Advisors LLC lifted its position in shares of Alarm.com by 356.4% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 33,648 shares of the software maker’s stock worth $1,717,000 after purchasing an additional 26,276 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Alarm.com Stock Performance

Alarm.com stock opened at $55.57 on Wednesday. Alarm.com Holdings, Inc. has a 52 week low of $41.49 and a 52 week high of $59.53. The company has a current ratio of 4.96, a quick ratio of 4.38 and a debt-to-equity ratio of 0.57. The stock has a market cap of $2.75 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 1.86 and a beta of 0.76. The stock has a 50 day moving average of $50.98 and a 200-day moving average of $47.42.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, August 6th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.12. The business had revenue of $277.73 million during the quarter, compared to analyst estimates of $264.96 million. Alarm.com had a net margin of 11.11% and a return on equity of 15.65%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Alarm.com has set its FY 2026 guidance at 2.920-2.940 EPS. On average, analysts expect that Alarm.com Holdings, Inc. will post 2.34 EPS for the current fiscal year.

Insider Activity at Alarm.com

In other news, CEO Stephen Trundle sold 6,073 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $43.78, for a total transaction of $265,875.94. Following the transaction, the chief executive officer owned 324,842 shares of the company’s stock, valued at approximately $14,221,582.76. This trade represents a 1.84% decrease in their ownership of the stock. 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, insider Daniel Kerzner sold 3,944 shares of Alarm.com stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $43.78, for a total value of $172,668.32. Following the completion of the transaction, the insider owned 101,141 shares of the company’s stock, valued at $4,427,952.98. This trade represents a 3.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 30,873 shares of company stock worth $1,446,228 over the last quarter. Company insiders own 4.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ALRM. Weiss Ratings upgraded shares of Alarm.com from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $65.00 price target on shares of Alarm.com in a research note on Friday, August 7th. Wall Street Zen raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Barclays raised their target price on Alarm.com from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $55.00.

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.