Summit Creek Advisors LLC Has $12.23 Million Position in Alarm.com Holdings, Inc. $ALRM

Summit Creek Advisors LLC decreased its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 230,346 shares of the software maker’s stock after selling 18,449 shares during the period. Summit Creek Advisors LLC owned about 0.46% of Alarm.com worth $12,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ALRM. Elevation Point Wealth Partners LLC bought a new stake in Alarm.com during the second quarter worth $43,000. Strs Ohio bought a new stake in shares of Alarm.com during the 1st quarter worth $56,000. Atlantic Union Bankshares Corp bought a new stake in shares of Alarm.com during the 2nd quarter worth $57,000. Osaic Holdings Inc. grew its position in Alarm.com by 95.3% in the second 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 during the last quarter. Finally, CWM LLC raised its stake in Alarm.com by 59.4% during the second quarter. CWM LLC now owns 3,238 shares of the software maker’s stock worth $183,000 after acquiring an additional 1,207 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ALRM shares. Weiss Ratings restated a “hold (c-)” rating on shares of Alarm.com in a research note on Thursday, October 30th. Zacks Research upgraded shares of Alarm.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Finally, Barclays lowered their price target on shares of Alarm.com from $60.00 to $56.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $64.67.

Alarm.com Trading Down 0.0%

ALRM opened at $51.93 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.06 and a quick ratio of 1.92. Alarm.com Holdings, Inc. has a fifty-two week low of $46.65 and a fifty-two week high of $64.26. The company’s 50 day moving average price is $51.13 and its two-hundred day moving average price is $53.41. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 1.90 and a beta of 0.81.

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

Insider Buying and Selling

In other news, insider Daniel Kerzner sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $50.33, for a total transaction of $503,300.00. Following the completion of the transaction, the insider directly owned 52,000 shares in the company, valued at $2,617,160. This trade represents a 16.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen Trundle bought 10,000 shares of Alarm.com stock in a transaction that occurred on Thursday, November 20th. The stock was bought at an average price of $48.07 per share, for a total transaction of $480,700.00. Following the completion of the acquisition, the chief executive officer directly owned 1,315,343 shares of the company’s stock, valued at $63,228,538.01. The trade was a 0.77% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 26,000 shares of company stock worth $1,257,321 and sold 56,158 shares worth $2,866,689. Company insiders own 5.80% of the company’s stock.

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.