Louisiana State Employees Retirement System Buys New Shares in Alarm.com Holdings, Inc. $ALRM

Louisiana State Employees Retirement System bought a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 22,100 shares of the software maker’s stock, valued at approximately $954,000.

Other hedge funds have also added to or reduced their stakes in the company. Covestor Ltd grew its stake 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 buying an additional 278 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in Alarm.com during the 4th quarter valued at about $47,000. Strs Ohio purchased a new stake in Alarm.com during the 1st quarter valued at about $56,000. Kemnay Advisory Services Inc. bought a new position in Alarm.com during the 4th quarter worth approximately $59,000. Finally, GAMMA Investing LLC increased its stake in Alarm.com by 22.4% in the 4th quarter. GAMMA Investing LLC now owns 1,361 shares of the software maker’s stock worth $69,000 after purchasing an additional 249 shares during the period. 91.74% of the stock is owned by institutional investors.

Insider Buying and Selling at Alarm.com

In other news, insider Daniel Kerzner sold 3,944 shares of Alarm.com stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $43.78, for a total transaction of $172,668.32. Following the completion of the transaction, the insider directly owned 101,141 shares in the company, valued at approximately $4,427,952.98. This trade represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Daniel Ramos sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $46.23, for a total value of $369,840.00. Following the completion of the sale, the insider directly owned 55,099 shares in the company, valued at approximately $2,547,226.77. This represents a 12.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Zacks Research downgraded Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Wall Street Zen downgraded shares of Alarm.com from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings lowered shares of Alarm.com from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Finally, Barclays increased their price target on shares of Alarm.com from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $47.50.

Alarm.com Price Performance

Shares of NASDAQ:ALRM opened at $49.69 on Monday. The firm has a market capitalization of $2.46 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.67 and a beta of 0.77. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.55 and a current ratio of 5.16. The stock has a 50 day moving average price of $45.02 and a 200-day moving average price of $46.82. Alarm.com Holdings, Inc. has a 52-week low of $41.49 and a 52-week high of $59.53.

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

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.