NewEdge Advisors LLC Sells 9,194 Shares of Alarm.com Holdings, Inc. $ALRM

NewEdge Advisors LLC cut its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 64.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,980 shares of the software maker’s stock after selling 9,194 shares during the period. NewEdge Advisors LLC’s holdings in Alarm.com were worth $215,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Covestor Ltd boosted its holdings in shares of Alarm.com by 67.3% during the 4th quarter. Covestor Ltd now owns 691 shares of the software maker’s stock valued at $35,000 after acquiring an additional 278 shares in the last quarter. Strs Ohio acquired a new position in Alarm.com in the 1st quarter worth about $56,000. Kemnay Advisory Services Inc. acquired a new position in Alarm.com in the 4th quarter worth about $59,000. Danske Bank A S bought a new position in Alarm.com in the fourth quarter valued at about $92,000. Finally, Caden Capital Partners LP bought a new position in Alarm.com in the fourth quarter valued at about $106,000. 91.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays boosted their price target on Alarm.com from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Wall Street Zen upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Sunday, August 16th. Raymond James Financial reiterated a “strong-buy” rating and set a $65.00 target price on shares of Alarm.com in a research report on Friday, August 7th. Weiss Ratings raised shares of Alarm.com from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Alarm.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.00.

Alarm.com Stock Down 1.4%

Shares of ALRM opened at $56.76 on Wednesday. The stock’s 50-day moving average price is $52.09 and its two-hundred day moving average price is $47.76. Alarm.com Holdings, Inc. has a 12 month low of $41.49 and a 12 month high of $59.38. The company has a market capitalization of $2.81 billion, a PE ratio of 25.12, a PEG ratio of 1.83 and a beta of 0.76. The company has a current ratio of 4.96, a quick ratio of 4.38 and a debt-to-equity ratio of 0.57.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, August 6th. The software maker reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.12. Alarm.com had a return on equity of 15.65% and a net margin of 11.11%.The company had revenue of $277.73 million during the quarter, compared to analysts’ expectations of $264.96 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Alarm.com has set its FY 2026 guidance at 2.920-2.940 EPS. On average, analysts anticipate that Alarm.com Holdings, Inc. will post 2.47 EPS for the current year.

Insider Activity at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 2,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.50, for a total transaction of $93,000.00. Following the completion of the sale, the insider owned 53,099 shares of the company’s stock, valued at approximately $2,469,103.50. This represents a 3.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Trundle sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $57.67, for a total transaction of $2,883,500.00. Following the transaction, the chief executive officer owned 324,842 shares of the company’s stock, valued at approximately $18,733,638.14. The trade was a 13.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 68,324 shares of company stock worth $3,780,333 over the last ninety days. Insiders own 4.80% of the company’s stock.

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.