Burgundy Asset Management Ltd. Purchases 103,531 Shares of Alarm.com Holdings, Inc. $ALRM

Burgundy Asset Management Ltd. lifted its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 11.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 985,882 shares of the software maker’s stock after buying an additional 103,531 shares during the period. Burgundy Asset Management Ltd. owned about 1.98% of Alarm.com worth $55,771,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Alarm.com by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,202,312 shares of the software maker’s stock worth $68,024,000 after acquiring an additional 15,821 shares during the last quarter. Norges Bank bought a new stake in shares of Alarm.com in the 2nd quarter worth $33,459,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Alarm.com by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 535,678 shares of the software maker’s stock valued at $29,810,000 after purchasing an additional 5,295 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Alarm.com by 0.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 503,252 shares of the software maker’s stock valued at $28,469,000 after buying an additional 2,629 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Alarm.com by 7.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 484,266 shares of the software maker’s stock worth $26,950,000 after buying an additional 31,866 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Stock Performance

ALRM opened at $52.10 on Friday. The company’s 50 day moving average is $50.69 and its 200 day moving average is $54.41. The company has a current ratio of 2.06, a quick ratio of 1.92 and a debt-to-equity ratio of 0.59. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 1.98 and a beta of 0.89. Alarm.com Holdings, Inc. has a 12-month low of $46.65 and a 12-month high of $69.12.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, November 6th. The software maker reported $0.76 EPS for the quarter, beating 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 business had revenue of $256.40 million during the quarter, compared to analysts’ expectations of $251.14 million. During the same period in the prior year, the company earned $0.62 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. On average, equities research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on ALRM. Weiss Ratings restated a “hold (c-)” rating on shares of Alarm.com in a research note on Thursday, October 30th. Barclays decreased their price objective 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. Finally, Zacks Research upgraded shares of Alarm.com from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Alarm.com has a consensus rating of “Moderate Buy” and an average price target of $64.67.

Insider Activity

In related news, CEO Stephen Trundle purchased 10,000 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was acquired at an average price of $48.07 per share, with a total value of $480,700.00. Following the completion of the acquisition, the chief executive officer owned 1,315,343 shares of the company’s stock, valued at approximately $63,228,538.01. This trade represents a 0.77% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Daniel Kerzner sold 10,000 shares of Alarm.com stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $50.33, for a total value of $503,300.00. Following the transaction, the insider directly owned 52,000 shares in the company, valued at approximately $2,617,160. The trade was a 16.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have acquired 26,000 shares of company stock valued at $1,257,321 in the last three months. 5.80% of the stock is currently owned by corporate insiders.

Alarm.com Company Profile

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.