Jeffrey Bedell Sells 22,727 Shares of Alarm.com (NASDAQ:ALRM) Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Jeffrey Bedell sold 22,727 shares of the firm’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 transaction, the insider directly owned 505,805 shares of the company’s stock, valued at approximately $26,210,815.10. This represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alarm.com Stock Performance

Shares of Alarm.com stock opened at $52.66 on Friday. 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 Holdings, Inc. has a 1 year low of $46.65 and a 1 year high of $64.58. The firm’s 50-day simple moving average is $50.78 and its 200-day simple moving average is $54.10. The firm has a market cap of $2.63 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 2.02 and a beta of 0.89.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, November 6th. The software maker reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.14. Alarm.com had a return on equity of 14.26% and a net margin of 12.92%.The business had revenue of $256.40 million during the quarter, compared to the consensus estimate of $251.14 million. During the same period last year, the firm earned $0.62 earnings per share. The company’s revenue for the quarter 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 forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alarm.com

Several hedge funds and other institutional investors have recently modified their holdings of the company. Disciplined Growth Investors Inc. MN increased its holdings in shares of Alarm.com by 3.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 3,491,824 shares of the software maker’s stock worth $197,532,000 after acquiring an additional 102,481 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 15,821 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Alarm.com by 4.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,080,076 shares of the software maker’s stock valued at $57,328,000 after purchasing an additional 43,683 shares during the period. Burgundy Asset Management Ltd. raised its holdings in shares of Alarm.com by 1.4% during the third quarter. Burgundy Asset Management Ltd. now owns 999,208 shares of the software maker’s stock valued at $58,584,000 after buying an additional 13,326 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Alarm.com during the second quarter worth approximately $33,459,000. Institutional investors and hedge funds own 91.74% of the company’s stock.

Wall Street Analyst Weigh In

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

Alarm.com Company 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.