Jeffrey Bedell Sells 2,273 Shares of Alarm.com (NASDAQ:ALRM) Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Jeffrey Bedell sold 2,273 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $52.51, for a total value of $119,355.23. Following the transaction, the insider directly owned 505,805 shares in the company, valued at $26,559,820.55. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Alarm.com Trading Up 1.2%

Shares of Alarm.com stock opened at $52.47 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.06 and a quick ratio of 1.92. The business has a fifty day simple moving average of $50.71 and a two-hundred day simple moving average of $54.13. Alarm.com Holdings, Inc. has a 1 year low of $46.65 and a 1 year high of $68.54. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 1.97 and a beta of 0.89.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $0.76 EPS for the quarter, beating the consensus estimate of $0.62 by $0.14. The firm had revenue of $256.40 million for the quarter, compared to the consensus estimate of $251.14 million. Alarm.com had a net margin of 12.92% and a return on equity of 14.26%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. Research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Institutional Investors Weigh In On Alarm.com

A number of hedge funds have recently made changes to their positions in ALRM. Tudor Investment Corp ET AL raised its position in Alarm.com by 22.8% in the third quarter. Tudor Investment Corp ET AL now owns 188,947 shares of the software maker’s stock valued at $10,029,000 after purchasing an additional 35,024 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Alarm.com in the third quarter valued at approximately $270,000. Centaurus Financial Inc. raised its holdings in Alarm.com by 0.9% in the 3rd quarter. Centaurus Financial Inc. now owns 263,224 shares of the software maker’s stock valued at $13,972,000 after buying an additional 2,343 shares during the last quarter. Woodline Partners LP acquired a new stake in Alarm.com during the 3rd quarter worth approximately $749,000. Finally, Public Employees Retirement System of Ohio grew its holdings in Alarm.com by 33.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 76,891 shares of the software maker’s stock worth $4,081,000 after acquiring an additional 19,268 shares during the last quarter. 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 research analyst reports. Barclays lowered their price target 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. Zacks Research raised Alarm.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.67.

About Alarm.com

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.