Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Free Report)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $41.49 and last traded at $42.76, with a volume of 26408 shares changing hands. The stock had previously closed at $42.13.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on ALRM. Zacks Research lowered Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Barclays lifted their target price on shares of Alarm.com from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Alarm.com in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of Alarm.com from $55.00 to $40.00 and set an “underweight” rating on the stock in a report on Wednesday, February 18th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $47.50.
View Our Latest Stock Analysis on ALRM
Alarm.com Stock Up 0.0%
Alarm.com (NASDAQ:ALRM – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The software maker reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.05. The firm had revenue of $265.19 million for the quarter, compared to the consensus estimate of $250.94 million. Alarm.com had a return on equity of 14.99% and a net margin of 12.36%.The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. Alarm.com has set its FY 2026 guidance at 2.810-2.810 EPS. Equities research analysts anticipate that Alarm.com Holdings, Inc. will post 2.24 EPS for the current fiscal year.
Insiders Place Their Bets
In other Alarm.com news, CFO Kevin Christopher Bradley sold 1,510 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $45.97, for a total value of $69,414.70. Following the sale, the chief financial officer owned 51,546 shares in the company, valued at $2,369,569.62. This trade represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 5.60% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Optiver Holding B.V. acquired a new position in shares of Alarm.com in the 3rd quarter worth approximately $25,000. Strengthening Families & Communities LLC purchased a new position in shares of Alarm.com during the third quarter valued at approximately $27,000. Covestor Ltd increased its position in shares of Alarm.com by 67.3% during the fourth quarter. Covestor Ltd now owns 691 shares of the software maker’s stock valued at $35,000 after acquiring an additional 278 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Alarm.com by 2,637.9% during the third quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock valued at $42,000 after acquiring an additional 765 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Alarm.com during the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 91.74% 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.
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