Alarm.com Holdings, Inc. $ALRM Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC trimmed its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 47.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,915 shares of the software maker’s stock after selling 23,822 shares during the period. Campbell & CO Investment Adviser LLC owned about 0.05% of Alarm.com worth $1,429,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Alarm.com during the second quarter valued at approximately $33,459,000. Handelsbanken Fonder AB raised its holdings in Alarm.com by 35.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 437,200 shares of the software maker’s stock valued at $24,732,000 after acquiring an additional 114,300 shares during the last quarter. Burgundy Asset Management Ltd. lifted its stake in shares of Alarm.com by 11.7% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 985,882 shares of the software maker’s stock worth $55,771,000 after purchasing an additional 103,531 shares during the period. Disciplined Growth Investors Inc. MN boosted 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 worth $197,532,000 after purchasing an additional 102,481 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of Alarm.com by 610.0% in the first quarter. Jane Street Group LLC now owns 114,715 shares of the software maker’s stock valued at $6,384,000 after purchasing an additional 98,557 shares during the period. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALRM has been the subject of several analyst reports. Barclays dropped their target price on 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alarm.com in a research note on Thursday, October 30th. Finally, Zacks Research cut shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $64.67.

Insider Buying and Selling

In related news, Director Stephen C. Evans sold 1,154 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $52.27, for a total transaction of $60,319.58. Following the sale, the director directly owned 6,123 shares in the company, valued at approximately $320,049.21. This trade represents a 15.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey A. Bedell sold 22,727 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $51.82, for a total value of $1,177,713.14. Following the completion of the transaction, 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 ninety days, insiders have acquired 26,000 shares of company stock worth $1,257,321 and have sold 56,158 shares worth $2,866,689. 5.80% of the stock is currently owned by corporate insiders.

Alarm.com Stock Performance

Alarm.com stock opened at $50.72 on Friday. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.86 and a beta of 0.81. Alarm.com Holdings, Inc. has a 12 month low of $46.65 and a 12 month high of $64.26. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.06 and a quick ratio of 1.92. The stock’s 50-day moving average is $51.40 and its 200-day moving average is $53.25.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Thursday, November 6th. The software maker reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.14. The firm had revenue of $256.40 million during the quarter, compared to the consensus estimate of $251.14 million. Alarm.com had a net margin of 12.92% and a return on equity of 14.26%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. 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 earnings per share 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.