Alarm.com (NASDAQ:ALRM) Releases Earnings Results, Beats Expectations By $0.06 EPS

Alarm.com (NASDAQ:ALRM) issued its quarterly earnings data on Thursday. The software maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.06, FiscalAI reports. The firm had revenue of $261.66 million for the quarter, compared to analyst estimates of $250.75 million. Alarm.com had a net margin of 12.92% and a return on equity of 14.26%.

Alarm.com Stock Down 0.0%

Shares of NASDAQ ALRM traded down $0.01 during mid-day trading on Thursday, reaching $45.20. The company had a trading volume of 513,124 shares, compared to its average volume of 391,670. The firm has a 50 day simple moving average of $49.93 and a two-hundred day simple moving average of $51.97. The stock has a market cap of $2.25 billion, a P/E ratio of 19.15, a PEG ratio of 1.66 and a beta of 0.79. Alarm.com has a 52-week low of $44.71 and a 52-week high of $61.41. The company has a current ratio of 2.06, a quick ratio of 1.92 and a debt-to-equity ratio of 0.59.

Insiders Place Their Bets

In related news, Director Stephen C. Evans sold 1,154 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $52.27, for a total transaction of $60,319.58. Following the transaction, the director owned 6,123 shares of the company’s stock, valued at $320,049.21. This trade represents a 15.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey A. Bedell sold 22,727 shares of Alarm.com stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $51.82, for a total value 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. This represents a 4.30% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 26,154 shares of company stock valued at $1,357,388. 5.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Strs Ohio bought a new stake in shares of Alarm.com in the 1st quarter worth about $56,000. Kemnay Advisory Services Inc. acquired a new stake in Alarm.com during the fourth quarter valued at approximately $59,000. Caden Capital Partners LP bought a new position in Alarm.com during the 4th quarter worth approximately $106,000. Vestcor Inc acquired a new position in shares of Alarm.com in the 3rd quarter worth approximately $154,000. Finally, Osaic Holdings Inc. raised its position in shares of Alarm.com by 95.3% during the 2nd quarter. Osaic Holdings Inc. now owns 3,172 shares of the software maker’s stock valued at $179,000 after acquiring an additional 1,548 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alarm.com in a research report on Tuesday, January 27th. Barclays decreased their target price on Alarm.com from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. JPMorgan Chase & Co. reduced their price target on shares of Alarm.com from $55.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday. Finally, Zacks Research lowered shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Alarm.com has a consensus rating of “Hold” and an average price target of $58.50.

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.