Picton Mahoney Asset Management Takes $1.04 Million Position in Alarm.com Holdings, Inc. $ALRM

Picton Mahoney Asset Management acquired a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the 3rd quarter, Holdings Channel reports. The fund acquired 19,621 shares of the software maker’s stock, valued at approximately $1,042,000.

A number of other large investors have also recently added to or reduced their stakes in ALRM. Amundi raised its position in Alarm.com by 6.8% during the first quarter. Amundi now owns 17,532 shares of the software maker’s stock worth $920,000 after acquiring an additional 1,113 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Alarm.com by 7.8% during the 1st quarter. AQR Capital Management LLC now owns 59,005 shares of the software maker’s stock worth $3,284,000 after purchasing an additional 4,246 shares during the last quarter. Woodline Partners LP purchased a new stake in Alarm.com in the 1st quarter valued at approximately $514,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Alarm.com by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,200 shares of the software maker’s stock valued at $7,301,000 after buying an additional 6,080 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Alarm.com by 610.0% during the 1st quarter. Jane Street Group LLC now owns 114,715 shares of the software maker’s stock valued at $6,384,000 after buying an additional 98,557 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alarm.com news, insider Jeffrey A. Bedell sold 22,727 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was 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 owned 505,805 shares of the company’s stock, valued at approximately $26,210,815.10. The trade was a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen C. Evans sold 1,154 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $52.27, for a total value of $60,319.58. Following the sale, the director owned 6,123 shares of the company’s stock, valued at $320,049.21. This represents a 15.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 26,154 shares of company stock valued at $1,357,388. Insiders own 5.80% of the company’s stock.

Alarm.com Trading Up 0.1%

NASDAQ ALRM opened at $50.15 on Friday. The company has a market cap of $2.49 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.75 and a beta of 0.80. Alarm.com Holdings, Inc. has a 12 month low of $43.00 and a 12 month high of $60.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.92 and a quick ratio of 1.78. The company has a 50-day moving average of $48.88 and a 200-day moving average of $51.38.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, February 19th. The software maker reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.06. Alarm.com had a net margin of 13.11% and a return on equity of 14.79%. The business had revenue of $261.66 million for the quarter, compared to analysts’ expectations of $250.75 million. During the same period last year, the company earned $0.58 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Alarm.com has set its FY 2026 guidance at 2.780-2.790 EPS. As a group, equities analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ALRM shares. Zacks Research upgraded Alarm.com from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Alarm.com in a report on Tuesday, January 27th. Barclays decreased their price target on shares of Alarm.com from $56.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Alarm.com from $55.00 to $40.00 and set an “underweight” rating for the company in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $57.00.

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.