Alarm.com (NASDAQ:ALRM) CEO Stephen Trundle Sells 50,000 Shares of Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) CEO Stephen Trundle sold 50,000 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $57.67, for a total transaction of $2,883,500.00. Following the sale, the chief executive officer directly owned 324,842 shares of the company’s stock, valued at $18,733,638.14. This represents a 13.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Alarm.com Trading Down 1.4%

Shares of Alarm.com stock opened at $56.76 on Wednesday. The company has a quick ratio of 4.38, a current ratio of 4.96 and a debt-to-equity ratio of 0.57. Alarm.com Holdings, Inc. has a 12-month low of $41.49 and a 12-month high of $59.38. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 1.83 and a beta of 0.76. The firm’s 50-day moving average price is $52.09 and its two-hundred day moving average price is $47.76.

Alarm.com (NASDAQ:ALRM) last issued its earnings results on Thursday, August 6th. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.65 by $0.12. Alarm.com had a net margin of 11.11% and a return on equity of 15.65%. The company had revenue of $277.73 million during the quarter, compared to analysts’ expectations of $264.96 million. During the same period in the previous year, the company earned $0.60 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Alarm.com has set its FY 2026 guidance at 2.920-2.940 EPS. On average, analysts forecast that Alarm.com Holdings, Inc. will post 2.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alarm.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its position in Alarm.com by 5,430.1% in the second quarter. California State Teachers Retirement System now owns 3,259,374 shares of the software maker’s stock valued at $152,278,000 after buying an additional 3,200,435 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Alarm.com by 625.1% in the 4th quarter. Bank of Montreal Can now owns 2,231,227 shares of the software maker’s stock valued at $113,837,000 after acquiring an additional 1,923,525 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Alarm.com by 101,569.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 947,556 shares of the software maker’s stock valued at $48,344,000 after acquiring an additional 946,624 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Alarm.com in the 2nd quarter valued at $14,339,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Alarm.com by 43.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 779,200 shares of the software maker’s stock valued at $33,654,000 after acquiring an additional 237,633 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Raymond James Financial restated a “strong-buy” rating and set a $65.00 target price on shares of Alarm.com in a research note on Friday, August 7th. Zacks Research upgraded Alarm.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Weiss Ratings raised Alarm.com from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Wall Street Zen upgraded Alarm.com from a “hold” rating to a “buy” rating in a research report on Sunday, August 16th. Finally, Barclays upped their price objective on Alarm.com from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Alarm.com has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

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.