Creative Planning Has $992,000 Position in Alarm.com Holdings, Inc. $ALRM

Creative Planning decreased its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 14.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,536 shares of the software maker’s stock after selling 2,962 shares during the quarter. Creative Planning’s holdings in Alarm.com were worth $992,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Yousif Capital Management LLC increased its stake in Alarm.com by 1.1% in the second quarter. Yousif Capital Management LLC now owns 18,455 shares of the software maker’s stock valued at $1,044,000 after acquiring an additional 199 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Alarm.com by 1.7% during the first quarter. Avantax Advisory Services Inc. now owns 13,865 shares of the software maker’s stock valued at $772,000 after purchasing an additional 232 shares in the last quarter. Blair William & Co. IL grew its stake in shares of Alarm.com by 2.3% in the 2nd quarter. Blair William & Co. IL now owns 12,762 shares of the software maker’s stock valued at $722,000 after purchasing an additional 290 shares during the period. Aviso Financial Inc. raised its holdings in shares of Alarm.com by 2.3% in the 1st quarter. Aviso Financial Inc. now owns 13,550 shares of the software maker’s stock worth $754,000 after buying an additional 300 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its position in shares of Alarm.com by 2.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 13,900 shares of the software maker’s stock worth $786,000 after buying an additional 300 shares during the period. 91.74% of the stock is owned by institutional investors.

Alarm.com Stock Up 2.7%

Shares of NASDAQ:ALRM opened at $53.13 on Monday. The company has a quick ratio of 1.92, a current ratio of 2.06 and a debt-to-equity ratio of 0.59. The firm has a market cap of $2.65 billion, a P/E ratio of 22.51, a P/E/G ratio of 1.98 and a beta of 0.88. Alarm.com Holdings, Inc. has a 12 month low of $46.65 and a 12 month high of $70.06. The company’s 50-day moving average price is $50.83 and its two-hundred day moving average price is $54.63.

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, topping analysts’ consensus estimates of $0.62 by $0.14. Alarm.com had a net margin of 12.92% and a return on equity of 14.26%. The company had revenue of $256.40 million during the quarter, compared to the consensus estimate of $251.14 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The company’s 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. As a group, research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Daniel Kerzner sold 20,004 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $50.29, for a total transaction of $1,006,001.16. Following the transaction, the insider owned 52,000 shares of the company’s stock, valued at $2,615,080. This represents a 27.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen Trundle purchased 12,469 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was purchased at an average price of $48.53 per share, for a total transaction of $605,120.57. Following the acquisition, the chief executive officer owned 1,305,343 shares of the company’s stock, valued at $63,348,295.79. The trade was a 0.96% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 26,000 shares of company stock worth $1,257,321 over the last quarter. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

ALRM has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Alarm.com in a research report on Thursday, October 30th. Zacks Research upgraded shares of Alarm.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Finally, Barclays lowered their target price 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. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Alarm.com presently has a consensus rating of “Moderate Buy” and an average price target of $64.67.

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.