Alarm.com (NASDAQ:ALRM) Director Stephen Evans Sells 1,154 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRM) Director Stephen Evans sold 1,154 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $52.27, for a total value of $60,319.58. Following the sale, the director owned 6,123 shares of the company’s stock, valued at $320,049.21. This represents a 15.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alarm.com Stock Up 0.7%

Shares of NASDAQ ALRM traded up $0.37 during midday trading on Tuesday, reaching $51.85. 415,795 shares of the company’s stock were exchanged, compared to its average volume of 367,755. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.92 and a current ratio of 2.06. Alarm.com Holdings, Inc. has a 52-week low of $46.65 and a 52-week high of $68.54. The business’s fifty day moving average price is $50.69 and its two-hundred day moving average price is $54.19. The stock has a market capitalization of $2.59 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, November 6th. The software maker reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.14. Alarm.com had a return on equity of 14.26% and a net margin of 12.92%.The firm had revenue of $256.40 million during the quarter, compared to analyst estimates of $251.14 million. During the same quarter last year, the firm earned $0.62 EPS. Alarm.com’s quarterly revenue was up 6.6% on a year-over-year basis. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. Analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Analyst Upgrades and Downgrades

ALRM has been the topic of several recent analyst reports. Barclays cut their price target on shares of Alarm.com from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a research report on Thursday, October 30th. Finally, Zacks Research raised shares of Alarm.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Two analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Alarm.com has a consensus rating of “Moderate Buy” and a consensus price target of $64.67.

Hedge Funds Weigh In On Alarm.com

A number of hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Alarm.com during the second quarter valued at $33,459,000. Nuveen LLC bought a new position in shares of Alarm.com in the 1st quarter worth about $21,584,000. Select Equity Group L.P. boosted its holdings in shares of Alarm.com by 587.4% in the 1st quarter. Select Equity Group L.P. now owns 200,434 shares of the software maker’s stock valued at $11,154,000 after buying an additional 171,274 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Alarm.com by 539.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 189,153 shares of the software maker’s stock valued at $10,526,000 after buying an additional 159,574 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Alarm.com by 112.4% during the 3rd quarter. Millennium Management LLC now owns 236,006 shares of the software maker’s stock valued at $12,527,000 after buying an additional 124,911 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

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.