SBI Okasan Asset Management Co.Ltd. Takes $694,000 Position in Alarm.com Holdings, Inc. $ALRM

SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,400 shares of the software maker’s stock, valued at approximately $694,000.

Several other hedge funds have also recently made changes to their positions in ALRM. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Alarm.com by 101,569.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 947,556 shares of the software maker’s stock valued at $48,344,000 after purchasing an additional 946,624 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Alarm.com by 1,540.0% during the fourth quarter. SG Americas Securities LLC now owns 260,923 shares of the software maker’s stock valued at $13,312,000 after purchasing an additional 245,013 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Alarm.com by 112.4% during the third quarter. Millennium Management LLC now owns 236,006 shares of the software maker’s stock valued at $12,527,000 after purchasing an additional 124,911 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Alarm.com by 1,380.1% during the third quarter. Franklin Resources Inc. now owns 110,181 shares of the software maker’s stock valued at $5,848,000 after purchasing an additional 102,737 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its holdings in shares of Alarm.com by 3.0% during the second quarter. Disciplined Growth Investors Inc. MN now owns 3,491,824 shares of the software maker’s stock valued at $197,532,000 after purchasing an additional 102,481 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ALRM shares. JPMorgan Chase & Co. decreased their price objective 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 boosted their target price on shares of Alarm.com from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Zacks Research lowered shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Alarm.com in a research report on Friday, April 24th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Alarm.com presently has a consensus rating of “Reduce” and a consensus target price of $47.50.

Insider Activity

In other news, insider Daniel Kerzner sold 3,944 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $43.78, for a total transaction of $172,668.32. Following the sale, the insider directly owned 101,141 shares in the company, valued at $4,427,952.98. This trade represents a 3.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stephen Trundle sold 6,073 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $43.78, for a total transaction of $265,875.94. Following the sale, the chief executive officer owned 324,842 shares in the company, valued at $14,221,582.76. The trade was a 1.84% 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 have sold 20,479 shares of company stock valued at $898,465 over the last 90 days. Company insiders own 5.80% of the company’s stock.

Alarm.com Stock Performance

Shares of NASDAQ ALRM opened at $45.11 on Friday. The firm has a 50 day moving average of $44.27 and a 200 day moving average of $47.79. The company has a current ratio of 5.16, a quick ratio of 4.55 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 1.48 and a beta of 0.79. Alarm.com Holdings, Inc. has a 12-month low of $41.49 and a 12-month high of $59.98.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, May 7th. The software maker reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.05. The company had revenue of $265.19 million during the quarter, compared to analyst estimates of $250.94 million. Alarm.com had a net margin of 12.36% and a return on equity of 14.99%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 earnings per share. Alarm.com has set its FY 2026 guidance at 2.810-2.810 EPS. On average, research analysts anticipate that Alarm.com Holdings, Inc. will post 2.34 earnings per share for the current year.

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.