Alarm.com (NASDAQ:ALRM) Reaches New 1-Year High – Here’s What Happened

Alarm.com Holdings, Inc. (NASDAQ:ALRM) shares hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $64.99 and last traded at $64.81, with a volume of 424,639 shares traded. The stock had previously closed at $64.59.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Sunday, August 16th. Weiss Ratings upgraded Alarm.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 15th. Barclays upped their target price on Alarm.com from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Zacks Research downgraded Alarm.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $65.00 price objective on shares of Alarm.com in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $55.00.

Alarm.com Stock Performance

The company has a market cap of $3.27 billion, a P/E ratio of 29.20, a PEG ratio of 2.04 and a beta of 0.76. The company has a quick ratio of 4.38, a current ratio of 4.96 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average price of $56.67 and a 200-day moving average price of $49.96.

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

Insiders Place Their Bets

In other news, CEO Stephen Trundle sold 50,000 shares of the company’s stock in a transaction on Monday, August 24th. The stock was 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 represents a 13.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kevin Bradley sold 5,400 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $55.07, for a total value of $297,378.00. Following the transaction, the chief financial officer directly owned 78,222 shares of the company’s stock, valued at $4,307,685.54. This represents a 6.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alarm.com

A number of institutional investors and hedge funds have recently modified their holdings of ALRM. Vise Technologies Inc. purchased a new stake in Alarm.com in the 3rd quarter worth about $220,000. Summit Global Investments boosted its holdings in shares of Alarm.com by 368.0% during the third quarter. Summit Global Investments now owns 27,200 shares of the software maker’s stock worth $1,482,000 after purchasing an additional 21,388 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Alarm.com by 46.0% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 7,300 shares of the software maker’s stock valued at $398,000 after purchasing an additional 2,300 shares in the last quarter. Cardinal Capital Management grew its position in Alarm.com by 4.7% during the third quarter. Cardinal Capital Management now owns 39,080 shares of the software maker’s stock valued at $2,129,000 after purchasing an additional 1,767 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Alarm.com by 61.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,408 shares of the software maker’s stock valued at $131,000 after buying an additional 920 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

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.