Handelsbanken Fonder AB Purchases 85,000 Shares of Alarm.com Holdings, Inc. $ALRM

Handelsbanken Fonder AB increased its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 19.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 522,200 shares of the software maker’s stock after purchasing an additional 85,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Alarm.com were worth $27,718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Optiver Holding B.V. bought a new stake in shares of Alarm.com during the 3rd quarter valued at $25,000. Strengthening Families & Communities LLC purchased a new position in Alarm.com during the 3rd quarter valued at about $27,000. Elevation Point Wealth Partners LLC purchased a new position in Alarm.com during the 2nd quarter valued at about $43,000. Hantz Financial Services Inc. boosted its stake in Alarm.com by 2,637.9% during the third quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock worth $42,000 after acquiring an additional 765 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Alarm.com in the third quarter worth about $46,000. Institutional investors own 91.74% of the company’s stock.

Analysts Set New Price Targets

ALRM has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their target price on shares of Alarm.com from $55.00 to $40.00 and set an “underweight” rating for the company in a report on Wednesday, February 18th. Barclays reduced their target price on Alarm.com from $56.00 to $50.00 and set an “equal weight” rating for the company in a report on Friday, February 20th. Zacks Research raised shares of Alarm.com from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Alarm.com currently has an average rating of “Moderate Buy” and an average price target of $57.00.

Insider Activity at Alarm.com

In other Alarm.com news, Director Stephen C. Evans sold 1,154 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $52.27, for a total transaction of $60,319.58. Following the completion of the sale, the director directly owned 6,123 shares of the company’s stock, valued at $320,049.21. This trade represents a 15.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey A. Bedell sold 22,727 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $51.82, for a total transaction of $1,177,713.14. Following the completion of the transaction, the insider directly owned 505,805 shares in the company, valued at $26,210,815.10. This trade represents a 4.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,154 shares of company stock worth $1,357,388 in the last three months. 5.80% of the stock is owned by corporate insiders.

Alarm.com Stock Down 1.7%

Shares of ALRM stock opened at $47.85 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.92 and a quick ratio of 1.78. Alarm.com Holdings, Inc. has a one year low of $43.00 and a one year high of $60.76. The company’s fifty day moving average price is $49.08 and its 200-day moving average price is $51.58. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 1.70 and a beta of 0.79.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, February 19th. The software maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. Alarm.com had a return on equity of 14.79% and a net margin of 13.11%.The business had revenue of $261.66 million during the quarter, compared to analyst estimates of $250.75 million. During the same quarter in the prior year, the business posted $0.58 EPS. Alarm.com’s revenue for the quarter was up 8.1% compared to the same quarter last year. Alarm.com has set its FY 2026 guidance at 2.780-2.790 EPS. Sell-side analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Alarm.com 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.