Assenagon Asset Management S.A. Has $13.56 Million Position in Alarm.com Holdings, Inc. $ALRM

Assenagon Asset Management S.A. decreased its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 255,486 shares of the software maker’s stock after selling 14,026 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.51% of Alarm.com worth $13,561,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cresset Asset Management LLC bought a new stake in Alarm.com during the 2nd quarter worth about $2,263,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Alarm.com during the second quarter worth approximately $210,000. Public Employees Retirement System of Ohio raised its stake in shares of Alarm.com by 44.3% during the second quarter. Public Employees Retirement System of Ohio now owns 57,623 shares of the software maker’s stock worth $3,260,000 after buying an additional 17,680 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in Alarm.com by 90.9% in the first quarter. Dynamic Technology Lab Private Ltd now owns 24,432 shares of the software maker’s stock valued at $1,359,000 after buying an additional 11,632 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Alarm.com by 1.3% in the second quarter. Geode Capital Management LLC now owns 1,202,312 shares of the software maker’s stock valued at $68,024,000 after acquiring an additional 15,821 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ALRM shares. Weiss Ratings restated a “hold (c-)” rating on shares of Alarm.com in a research report on Thursday, October 30th. Barclays reduced their target price on Alarm.com from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Finally, Zacks Research upgraded shares of Alarm.com from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.67.

Insiders Place Their Bets

In other news, insider Daniel Kerzner sold 10,000 shares of Alarm.com stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $50.33, for a total transaction of $503,300.00. Following the completion of the transaction, the insider directly owned 52,000 shares in the company, valued at approximately $2,617,160. The trade was a 16.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey A. Bedell sold 22,727 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 505,805 shares of the company’s stock, valued at approximately $26,210,815.10. This represents a 4.30% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders purchased 26,000 shares of company stock valued at $1,257,321 and sold 56,158 shares valued at $2,866,689. Insiders own 5.80% of the company’s stock.

Alarm.com Stock Performance

Shares of ALRM stock opened at $52.66 on Friday. The stock has a market cap of $2.63 billion, a P/E ratio of 22.31, a P/E/G ratio of 2.02 and a beta of 0.89. The company has a fifty day moving average price of $50.78 and a two-hundred day moving average price of $54.10. Alarm.com Holdings, Inc. has a one year low of $46.65 and a one year high of $64.58. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.06 and a quick ratio of 1.92.

Alarm.com (NASDAQ:ALRM) last issued 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 company had revenue of $256.40 million for the quarter, compared to analysts’ expectations of $251.14 million. During the same period in the prior year, the firm earned $0.62 EPS. Alarm.com’s quarterly 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. As a group, equities analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current 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.