Healthcare of Ontario Pension Plan Trust Fund Reduces Position in Alarm.com Holdings, Inc. $ALRM

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 15.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,427 shares of the software maker’s stock after selling 10,240 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.12% of Alarm.com worth $2,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALRM. Bank of Montreal Can grew its stake in Alarm.com by 625.1% during the 4th quarter. Bank of Montreal Can now owns 2,231,227 shares of the software maker’s stock valued at $113,837,000 after purchasing an additional 1,923,525 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Alarm.com by 101,569.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 947,556 shares of the software maker’s stock worth $48,344,000 after purchasing an additional 946,624 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Alarm.com by 43.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 779,200 shares of the software maker’s stock worth $33,654,000 after purchasing an additional 237,633 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Alarm.com by 85.3% during the first quarter. SG Americas Securities LLC now owns 483,486 shares of the software maker’s stock worth $20,882,000 after purchasing an additional 222,563 shares during the period. Finally, Nuveen LLC boosted its position in Alarm.com by 197.3% in the fourth quarter. Nuveen LLC now owns 316,427 shares of the software maker’s stock valued at $16,144,000 after buying an additional 209,995 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Insider Activity

In other news, insider Daniel Kerzner sold 3,944 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $43.78, for a total transaction of $172,668.32. Following the sale, the insider directly owned 101,141 shares in the company, valued at $4,427,952.98. This trade represents a 3.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stephen Trundle sold 6,073 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $43.78, for a total value of $265,875.94. Following the completion of the transaction, the chief executive officer directly owned 324,842 shares of the company’s stock, valued at $14,221,582.76. The trade was a 1.84% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 31,893 shares of company stock valued at $1,428,505. Insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ALRM shares. Wall Street Zen raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Weiss Ratings raised shares of Alarm.com from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. Finally, Barclays increased their price objective on shares of Alarm.com from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $47.50.

Alarm.com Price Performance

NASDAQ:ALRM opened at $54.75 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 5.16 and a quick ratio of 4.55. The company has a 50 day moving average price of $48.30 and a 200-day moving average price of $46.95. Alarm.com Holdings, Inc. has a 1-year low of $41.49 and a 1-year high of $59.53. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 1.82 and a beta of 0.77.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, May 7th. The software maker reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. Alarm.com had a net margin of 12.36% and a return on equity of 14.99%. The firm had revenue of $265.19 million for the quarter, compared to the consensus estimate of $250.94 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. Alarm.com has set its FY 2026 guidance at 2.810-2.810 EPS. Equities research analysts forecast that Alarm.com Holdings, Inc. will post 2.34 EPS for the current year.

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.