8,376 Alarm.com Holdings, Inc. $ALRM Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 44.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,459 shares of the software maker’s stock after selling 8,376 shares during the period. State of Alaska Department of Revenue’s holdings in Alarm.com were worth $569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ALRM. Dimensional Fund Advisors LP grew its position in Alarm.com by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,117,359 shares of the software maker’s stock worth $48,257,000 after buying an additional 11,624 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Alarm.com by 43.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 779,200 shares of the software maker’s stock valued at $33,654,000 after acquiring an additional 237,633 shares during the period. Bank of New York Mellon Corp acquired a new position in Alarm.com in the 2nd quarter valued at approximately $14,339,000. Principal Financial Group Inc. raised its holdings in Alarm.com by 5.2% in the 1st quarter. Principal Financial Group Inc. now owns 300,204 shares of the software maker’s stock valued at $12,966,000 after acquiring an additional 14,967 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its position in shares of Alarm.com by 1.0% in the 1st quarter. Centaurus Financial Inc. now owns 271,841 shares of the software maker’s stock worth $11,741,000 after acquiring an additional 2,782 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALRM has been the topic of several recent research reports. Weiss Ratings raised Alarm.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 15th. Barclays boosted their price objective on Alarm.com from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. Raymond James Financial restated a “strong-buy” rating and issued a $65.00 target price on shares of Alarm.com in a research note on Friday, August 7th. Zacks Research lowered Alarm.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Finally, Wall Street Zen raised Alarm.com from a “hold” rating to a “buy” rating in a research report on Sunday, August 16th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $55.00.

Alarm.com Price Performance

NASDAQ:ALRM traded up $1.65 during mid-day trading on Friday, hitting $64.14. The company’s stock had a trading volume of 753,230 shares, compared to its average volume of 461,646. Alarm.com Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $64.41. The company has a current ratio of 4.96, a quick ratio of 4.38 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 28.38, a P/E/G ratio of 1.98 and a beta of 0.76. The stock has a fifty day moving average of $56.12 and a 200-day moving average of $50.71.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, August 6th. The software maker reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $264.96 million. During the same period in the previous year, the business earned $0.60 earnings per share. The company’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. As a group, equities analysts forecast that Alarm.com Holdings, Inc. will post 2.47 EPS for the current fiscal year.

Insider Activity at Alarm.com

In other Alarm.com news, CFO Kevin Bradley sold 5,400 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $55.07, for a total value of $297,378.00. Following the sale, the chief financial officer directly owned 78,222 shares in the company, valued at $4,307,685.54. This represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Stephen Trundle sold 50,000 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $57.67, for a total value of $2,883,500.00. Following the completion of the sale, the chief executive officer owned 324,842 shares in the company, valued at $18,733,638.14. This trade represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.80% of the stock is owned by company insiders.

About Alarm.com

Alarm.com Holdings, Inc develops cloud-based technology for connected security and smart automation. Its platform helps residential and commercial customers monitor and manage security systems, video cameras, access control, energy use, and other connected devices through mobile applications and web-based tools.

The company’s products and services are delivered primarily through a network of authorized service providers, including security dealers and integrators. Its offerings include intrusion detection, smart-home automation, video surveillance, commercial security and access management, energy management, and solutions designed for property managers and other business customers.

Founded in 2000 and headquartered in Vienna, Virginia, Alarm.com serves customers through service providers in the United States and international markets.