Stephen Trundle Acquires 3,531 Shares of Alarm.com (NASDAQ:ALRM) Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) CEO Stephen Trundle acquired 3,531 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of $48.57 per share, with a total value of $171,500.67. Following the completion of the transaction, the chief executive officer directly owned 1,292,874 shares in the company, valued at approximately $62,794,890.18. The trade was a 0.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Stephen Trundle also recently made the following trade(s):

• On Thursday, November 20th, Stephen Trundle bought 10,000 shares of Alarm.com stock. The shares were bought at an average price of $48.07 per share, for a total transaction of $480,700.00.
• On Wednesday, November 19th, Stephen Trundle purchased 12,469 shares of Alarm.com stock. The stock was bought at an average cost of $48.53 per share, with a total value of $605,120.57.

Alarm.com Price Performance

Shares of NASDAQ:ALRM traded down $0.51 on Thursday, hitting $47.64. The company had a trading volume of 319,832 shares, compared to its average volume of 356,128. The company has a current ratio of 2.06, a quick ratio of 1.92 and a debt-to-equity ratio of 0.59. The company has a market cap of $2.38 billion, a PE ratio of 23.60, a PEG ratio of 1.83 and a beta of 1.06. Alarm.com Holdings, Inc. has a 52-week low of $46.65 and a 52-week high of $70.06. The business has a 50 day moving average of $51.25 and a 200 day moving average of $54.84.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, November 6th. The software maker reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.14. The firm had revenue of $256.40 million during the quarter, compared to the consensus estimate of $251.14 million. Alarm.com had a net margin of 12.92% and a return on equity of 14.26%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 EPS. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. As a group, equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays lowered their target price on shares of Alarm.com from $60.00 to $56.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Zacks Research upgraded Alarm.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Alarm.com in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.67.

Hedge Funds Weigh In On Alarm.com

A number of large investors have recently modified their holdings of the company. Optiver Holding B.V. acquired a new stake in shares of Alarm.com in the third quarter worth $25,000. Strengthening Families & Communities LLC purchased a new position in Alarm.com in the third quarter valued at about $27,000. Hantz Financial Services Inc. boosted its position in shares of Alarm.com by 2,637.9% in the third quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock worth $42,000 after buying an additional 765 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in shares of Alarm.com during the 2nd quarter valued at about $43,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Alarm.com during the 3rd quarter worth approximately $46,000. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

About Alarm.com

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.