Algert Global LLC Sells 14,040 Shares of Alarm.com Holdings, Inc. $ALRM

Algert Global LLC trimmed its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 7.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,422 shares of the software maker’s stock after selling 14,040 shares during the period. Algert Global LLC owned approximately 0.33% of Alarm.com worth $8,728,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ALRM. Norges Bank bought a new position in Alarm.com in the second quarter worth approximately $33,459,000. Handelsbanken Fonder AB raised its position in shares of Alarm.com by 35.4% during the second quarter. Handelsbanken Fonder AB now owns 437,200 shares of the software maker’s stock worth $24,732,000 after purchasing an additional 114,300 shares during the period. Burgundy Asset Management Ltd. raised its position in shares of Alarm.com by 11.7% during the second 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. Franklin Resources Inc. lifted its holdings in shares of Alarm.com by 1,380.1% in the 3rd quarter. Franklin Resources Inc. now owns 110,181 shares of the software maker’s stock worth $5,848,000 after purchasing an additional 102,737 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted 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 purchasing an additional 102,481 shares in the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on ALRM shares. Weiss Ratings restated a “hold (c-)” rating on shares of Alarm.com in a research note on Tuesday, January 27th. JPMorgan Chase & Co. dropped their price objective on shares of Alarm.com from $55.00 to $40.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 18th. Barclays reduced their price objective on shares of Alarm.com from $56.00 to $50.00 and set an “equal weight” rating for the company in a report on Friday, February 20th. Finally, Zacks Research raised shares of Alarm.com from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.00.

Alarm.com Trading Down 1.0%

Shares of Alarm.com stock opened at $46.13 on Tuesday. The company has a market capitalization of $2.29 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 1.63 and a beta of 0.80. The stock has a fifty day simple moving average of $48.42 and a 200 day simple moving average of $50.82. Alarm.com Holdings, Inc. has a 12-month low of $43.00 and a 12-month high of $60.76. The company has a current ratio of 1.92, a quick ratio of 1.78 and a debt-to-equity ratio of 0.58.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, February 19th. The software maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.06. The business had revenue of $261.66 million for the quarter, compared to analysts’ expectations of $250.75 million. Alarm.com had a return on equity of 14.79% and a net margin of 13.11%.The business’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $0.58 EPS. Alarm.com has set its FY 2026 guidance at 2.780-2.790 EPS. On average, sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal 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.