Brown Capital Management LLC Has $59.83 Million Position in Alarm.com Holdings, Inc. $ALRM

Brown Capital Management LLC lessened its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 33.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,127,126 shares of the software maker’s stock after selling 576,431 shares during the quarter. Alarm.com comprises about 2.5% of Brown Capital Management LLC’s portfolio, making the stock its 17th largest holding. Brown Capital Management LLC owned approximately 2.26% of Alarm.com worth $59,828,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN increased its stake in shares of Alarm.com by 3.0% during the second quarter. Disciplined Growth Investors Inc. MN now owns 3,491,824 shares of the software maker’s stock worth $197,532,000 after purchasing an additional 102,481 shares during the period. Geode Capital Management LLC grew its holdings in Alarm.com by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,202,312 shares of the software maker’s stock valued at $68,024,000 after buying an additional 15,821 shares in the last quarter. Burgundy Asset Management Ltd. increased its position in Alarm.com by 11.7% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 985,882 shares of the software maker’s stock worth $55,771,000 after buying an additional 103,531 shares during the period. Norges Bank bought a new position in Alarm.com during the 2nd quarter worth $33,459,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Alarm.com by 0.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 503,252 shares of the software maker’s stock worth $28,469,000 after buying an additional 2,629 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Trading Down 0.6%

ALRM opened at $48.50 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.06 and a quick ratio of 1.92. Alarm.com Holdings, Inc. has a fifty-two week low of $46.65 and a fifty-two week high of $64.26. The company’s 50 day moving average price is $51.31 and its two-hundred day moving average price is $52.70. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 1.79 and a beta of 0.79.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, November 6th. The software maker reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.14. Alarm.com had a net margin of 12.92% and a return on equity of 14.26%. The company had revenue of $256.40 million for the quarter, compared to analyst estimates of $251.14 million. During the same quarter in the previous year, the business earned $0.62 earnings per share. Alarm.com’s revenue was up 6.6% compared to the same quarter last year. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. As a group, research analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Alarm.com in a research note on Tuesday, January 27th. Zacks Research lowered shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Barclays lowered their target price on shares of Alarm.com from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $64.67.

Insider Buying and Selling

In related news, insider Jeffrey A. Bedell sold 22,727 shares of Alarm.com stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $51.82, for a total value of $1,177,713.14. Following the transaction, the insider directly owned 505,805 shares of the company’s stock, valued at $26,210,815.10. The trade was a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Kerzner sold 20,004 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $50.29, for a total transaction of $1,006,001.16. Following the sale, the insider directly owned 52,000 shares of the company’s stock, valued at $2,615,080. This represents a 27.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have purchased 26,000 shares of company stock valued at $1,257,321 and have sold 56,158 shares valued at $2,866,689. 5.60% of the stock is owned by insiders.

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.