Alarm.com Holdings, Inc. $ALRM Stock Acquired by Summit Global Investments

Summit Global Investments increased its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 368.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,200 shares of the software maker’s stock after purchasing an additional 21,388 shares during the period. Summit Global Investments owned approximately 0.05% of Alarm.com worth $1,482,000 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. Bank of New York Mellon Corp bought a new stake in shares of Alarm.com in the second quarter valued at about $14,339,000. American Capital Management Inc. acquired a new position in shares of Alarm.com during the second quarter worth about $3,202,000. Louisiana State Employees Retirement System bought a new position in shares of Alarm.com during the first quarter worth about $954,000. Winmill & CO. Inc. bought a new position in shares of Alarm.com during the second quarter worth about $5,891,000. Finally, Summit Creek Advisors LLC acquired a new stake in Alarm.com in the 2nd quarter valued at approximately $2,759,000. Institutional investors own 91.74% of the company’s stock.

Alarm.com Price Performance

Shares of ALRM opened at $64.86 on Monday. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 2.06 and a beta of 0.76. Alarm.com Holdings, Inc. has a 1-year low of $41.49 and a 1-year high of $67.41. The company’s fifty day simple moving average is $57.01 and its 200 day simple moving average is $50.10. The company has a current ratio of 4.96, a quick ratio of 4.38 and a debt-to-equity ratio of 0.57.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, August 6th. The software maker reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.12. Alarm.com had a net margin of 11.11% and a return on equity of 15.65%. The firm had revenue of $277.73 million during the quarter, compared to analysts’ expectations of $264.96 million. During the same quarter last year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. Alarm.com has set its FY 2026 guidance at 2.920-2.940 EPS. On average, research analysts forecast that Alarm.com Holdings, Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Stephen Trundle sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $57.67, for a total value of $2,883,500.00. Following the completion of the sale, the chief executive officer directly owned 324,842 shares in the company, valued at approximately $18,733,638.14. This trade represents a 13.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevin Bradley sold 5,400 shares of Alarm.com stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $55.07, for a total value of $297,378.00. Following the transaction, the chief financial officer owned 78,222 shares of the company’s stock, valued at $4,307,685.54. The trade was a 6.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

ALRM has been the topic of several research reports. Wall Street Zen upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Sunday, August 16th. Barclays lifted their price objective on shares of Alarm.com from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of Alarm.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 15th. JPMorgan Chase & Co. increased their target price on shares of Alarm.com from $40.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday. Finally, Zacks Research downgraded shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $58.33.

About Alarm.com

Alarm.com Holdings, Inc develops cloud-based technology for connected security and smart automation. Its platform helps residential and commercial customers monitor and manage security systems, video cameras, access control, energy use, and other connected devices through mobile applications and web-based tools.

The company’s products and services are delivered primarily through a network of authorized service providers, including security dealers and integrators. Its offerings include intrusion detection, smart-home automation, video surveillance, commercial security and access management, energy management, and solutions designed for property managers and other business customers.

Founded in 2000 and headquartered in Vienna, Virginia, Alarm.com serves customers through service providers in the United States and international markets.