Healthcare of Ontario Pension Plan Trust Fund Cuts Stake in Alarm.com Holdings, Inc. $ALRM

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 15.1% in the 1st quarter, Holdings Channel reports. The firm owned 57,427 shares of the software maker’s stock after selling 10,240 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Alarm.com were worth $2,480,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in Alarm.com by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 43,287 shares of the software maker’s stock worth $2,449,000 after buying an additional 226 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Alarm.com by 1.8% in the fourth quarter. Stifel Financial Corp now owns 14,176 shares of the software maker’s stock valued at $723,000 after acquiring an additional 254 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Alarm.com by 3.0% in the fourth quarter. ProShare Advisors LLC now owns 9,284 shares of the software maker’s stock worth $474,000 after acquiring an additional 269 shares during the last quarter. Covestor Ltd boosted its stake in shares of Alarm.com by 67.3% in the fourth quarter. Covestor Ltd now owns 691 shares of the software maker’s stock worth $35,000 after acquiring an additional 278 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Alarm.com by 1.3% during the fourth quarter. State of Alaska Department of Revenue now owns 27,944 shares of the software maker’s stock worth $1,424,000 after purchasing an additional 368 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Stock Performance

NASDAQ ALRM opened at $54.75 on Friday. The stock’s fifty day moving average is $48.30 and its two-hundred day moving average is $46.95. The firm has a market capitalization of $2.71 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 1.82 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. Alarm.com Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $59.53.

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

Wall Street Analysts Forecast Growth

ALRM has been the topic of a number of research reports. Barclays raised their price objective on Alarm.com from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings upgraded shares of Alarm.com from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Finally, Wall Street Zen raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $47.50.

Insider Activity

In other news, CEO Stephen Trundle sold 6,073 shares of the firm’s 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 $265,875.94. Following the completion of the sale, the chief executive officer owned 324,842 shares in the company, valued at $14,221,582.76. This trade represents a 1.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Christopher Bradley sold 2,200 shares of Alarm.com stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $46.15, for a total transaction of $101,530.00. Following the sale, the chief financial officer directly owned 84,346 shares in the company, valued at approximately $3,892,567.90. The trade was a 2.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,893 shares of company stock valued at $1,428,505 over the last three months. 4.80% of the stock is currently owned by company insiders.

About Alarm.com

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.