Y Intercept Hong Kong Ltd Boosts Stake in Alarm.com Holdings, Inc. $ALRM

Y Intercept Hong Kong Ltd raised its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 126.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,469 shares of the software maker’s stock after buying an additional 13,124 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Alarm.com were worth $1,246,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Yousif Capital Management LLC boosted its stake in shares of Alarm.com by 1.1% during the second quarter. Yousif Capital Management LLC now owns 18,455 shares of the software maker’s stock valued at $1,044,000 after acquiring an additional 199 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Alarm.com by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 43,287 shares of the software maker’s stock valued at $2,449,000 after purchasing an additional 226 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Alarm.com by 2.3% during the 2nd quarter. Blair William & Co. IL now owns 12,762 shares of the software maker’s stock worth $722,000 after purchasing an additional 290 shares during the last quarter. KLP Kapitalforvaltning AS grew its holdings in shares of Alarm.com by 2.2% during the second quarter. KLP Kapitalforvaltning AS now owns 13,900 shares of the software maker’s stock worth $786,000 after buying an additional 300 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Alarm.com by 2.1% in the third quarter. Amalgamated Bank now owns 14,371 shares of the software maker’s stock valued at $763,000 after buying an additional 302 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Stock Down 0.2%

Shares of NASDAQ ALRM opened at $48.78 on Friday. Alarm.com Holdings, Inc. has a 52-week low of $46.65 and a 52-week high of $64.26. The firm has a fifty day moving average of $51.39 and a 200-day moving average of $52.76. The stock has a market capitalization of $2.43 billion, a PE ratio of 20.67, a P/E/G ratio of 1.79 and a beta of 0.81. The company has a quick ratio of 1.92, a current ratio of 2.06 and a debt-to-equity ratio of 0.59.

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

Insider Transactions at Alarm.com

In other Alarm.com news, insider Jeffrey A. Bedell sold 22,727 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $51.82, for a total transaction of $1,177,713.14. Following the completion of the sale, the insider directly owned 505,805 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen C. Evans sold 1,154 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $52.27, for a total transaction of $60,319.58. Following the completion of the transaction, the director directly owned 6,123 shares in the company, valued at approximately $320,049.21. This represents a 15.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have acquired 26,000 shares of company stock worth $1,257,321 and have sold 56,158 shares worth $2,866,689. 5.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Barclays decreased 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 research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alarm.com in a research report on Tuesday. Finally, Zacks Research lowered Alarm.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.67.

Alarm.com 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.