Fisher Asset Management LLC Sells 245,470 Shares of Alarm.com Holdings, Inc. $ALRM

Fisher Asset Management LLC cut its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 97.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,155 shares of the software maker’s stock after selling 245,470 shares during the period. Fisher Asset Management LLC’s holdings in Alarm.com were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ALRM. Amundi lifted its holdings in Alarm.com by 6.8% in the first quarter. Amundi now owns 17,532 shares of the software maker’s stock valued at $920,000 after buying an additional 1,113 shares during the period. AQR Capital Management LLC boosted its stake in Alarm.com by 7.8% in the first quarter. AQR Capital Management LLC now owns 59,005 shares of the software maker’s stock valued at $3,284,000 after acquiring an additional 4,246 shares during the last quarter. Woodline Partners LP acquired a new stake in Alarm.com during the 1st quarter worth $514,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Alarm.com by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,200 shares of the software maker’s stock worth $7,301,000 after acquiring an additional 6,080 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Alarm.com by 610.0% during the 1st quarter. Jane Street Group LLC now owns 114,715 shares of the software maker’s stock valued at $6,384,000 after acquiring an additional 98,557 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 Tuesday, January 27th. Barclays dropped their price objective on Alarm.com from $56.00 to $50.00 and set an “equal weight” rating for the company in a report on Friday, February 20th. Zacks Research raised Alarm.com from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. reduced their target price on Alarm.com from $55.00 to $40.00 and set an “underweight” rating on the stock in a report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Alarm.com presently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Insider Activity

In other news, 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 $26,210,815.10. This trade represents a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen C. Evans sold 1,154 shares of Alarm.com stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $52.27, for a total value of $60,319.58. Following the transaction, the director owned 6,123 shares in the company, valued at $320,049.21. This trade represents a 15.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 26,154 shares of company stock valued at $1,357,388 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Alarm.com Trading Down 0.5%

Shares of NASDAQ ALRM opened at $49.92 on Monday. Alarm.com Holdings, Inc. has a twelve month low of $43.00 and a twelve month high of $60.76. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 1.75 and a beta of 0.80. The company has a quick ratio of 1.78, a current ratio of 1.92 and a debt-to-equity ratio of 0.58. The company’s fifty day moving average is $48.84 and its 200-day moving average is $51.25.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, February 19th. The software maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. The business had revenue of $261.66 million during the quarter, compared to analysts’ expectations of $250.75 million. Alarm.com had a net margin of 13.11% and a return on equity of 14.79%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. Alarm.com has set its FY 2026 guidance at 2.780-2.790 EPS. Equities research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

About Alarm.com

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.