Assenagon Asset Management S.A. Has $6.85 Million Stake in Alarm.com Holdings, Inc. $ALRM

Assenagon Asset Management S.A. lessened its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 47.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 134,345 shares of the software maker’s stock after selling 121,141 shares during the period. Assenagon Asset Management S.A. owned approximately 0.27% of Alarm.com worth $6,854,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Optiver Holding B.V. acquired a new position in shares of Alarm.com during the 3rd quarter worth $25,000. Strengthening Families & Communities LLC acquired a new stake in Alarm.com in the third quarter valued at about $27,000. Elevation Point Wealth Partners LLC acquired a new stake in Alarm.com in the second quarter valued at about $43,000. Hantz Financial Services Inc. raised its stake in Alarm.com by 2,637.9% during the third quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock worth $42,000 after acquiring an additional 765 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Alarm.com in the third quarter worth about $46,000. Institutional investors and hedge funds own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

ALRM has been the subject of a number of research reports. Barclays dropped their price target on Alarm.com from $56.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, February 20th. JPMorgan Chase & Co. dropped their target price on Alarm.com from $55.00 to $40.00 and set an “underweight” rating for the company in a research report on Wednesday, February 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Alarm.com in a report on Tuesday, January 27th. Finally, Zacks Research downgraded Alarm.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.00.

Insider Buying and Selling at Alarm.com

In other news, CFO Kevin Christopher Bradley sold 1,510 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $45.97, for a total value of $69,414.70. Following the transaction, the chief financial officer directly owned 51,546 shares of the company’s stock, valued at $2,369,569.62. The trade was a 2.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.80% of the company’s stock.

Alarm.com Trading Down 1.7%

Shares of ALRM stock opened at $42.49 on Friday. The stock has a 50-day moving average of $47.15 and a 200-day moving average of $50.05. The company has a current ratio of 1.92, a quick ratio of 1.78 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.49 and a beta of 0.80. Alarm.com Holdings, Inc. has a 1-year low of $41.50 and a 1-year high of $60.76.

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