Cresset Asset Management LLC Makes New Investment in Alarm.com Holdings, Inc. $ALRM

Cresset Asset Management LLC purchased a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 40,006 shares of the software maker’s stock, valued at approximately $2,263,000. Cresset Asset Management LLC owned about 0.08% of Alarm.com as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Elevation Point Wealth Partners LLC acquired a new stake in Alarm.com during the second quarter worth about $43,000. Atlantic Union Bankshares Corp bought a new position in shares of Alarm.com during the second quarter valued at approximately $57,000. Strs Ohio acquired a new stake in shares of Alarm.com during the 1st quarter worth approximately $56,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Alarm.com in the 1st quarter worth approximately $73,000. Finally, CWM LLC boosted its position in Alarm.com by 59.4% during the 2nd quarter. CWM LLC now owns 3,238 shares of the software maker’s stock valued at $183,000 after purchasing an additional 1,207 shares during the period. Institutional investors own 91.74% of the company’s stock.

Insider Buying and Selling

In related news, insider Daniel Kerzner sold 20,004 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 52,000 shares of the company’s stock, valued at $2,615,080. The trade was a 27.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen Trundle purchased 12,469 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were purchased at an average cost of $48.53 per share, with a total value of $605,120.57. Following the completion of the purchase, the chief executive officer owned 1,305,343 shares in the company, valued at $63,348,295.79. This represents a 0.96% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 26,000 shares of company stock worth $1,257,321 in the last quarter. Company insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

ALRM has been the topic of several analyst reports. Weiss Ratings reaffirmed 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 report on Friday, November 14th. Finally, Barclays reduced 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. Two research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.67.

Alarm.com Price Performance

Shares of ALRM opened at $52.29 on Tuesday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 1.98 and a beta of 0.88. The stock’s fifty day moving average is $50.69 and its 200-day moving average is $54.35. Alarm.com Holdings, Inc. has a one year low of $46.65 and a one year high of $69.12. 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 (NASDAQ:ALRM) last announced its earnings results on Thursday, November 6th. The software maker reported $0.76 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $256.40 million during the quarter, compared to analyst estimates of $251.14 million. During the same quarter in the prior year, the firm posted $0.62 EPS. Alarm.com’s revenue was up 6.6% compared to the same quarter last year. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. Equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

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.