CenterBook Partners LP Invests $1.01 Million in Alarm.com Holdings, Inc. $ALRM

CenterBook Partners LP acquired a new stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,733 shares of the software maker’s stock, valued at approximately $1,007,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALRM. State of Wyoming increased its position in Alarm.com by 79.2% in the 4th quarter. State of Wyoming now owns 6,978 shares of the software maker’s stock worth $356,000 after purchasing an additional 3,083 shares during the last quarter. Norges Bank acquired a new stake in shares of Alarm.com during the 4th quarter valued at about $6,062,000. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Alarm.com during the 4th quarter valued at about $694,000. Geode Capital Management LLC grew its stake in shares of Alarm.com by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,219,732 shares of the software maker’s stock valued at $62,239,000 after buying an additional 7,454 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC increased its holdings in Alarm.com by 356.4% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 33,648 shares of the software maker’s stock worth $1,717,000 after buying an additional 26,276 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Insider Activity

In related news, CEO Stephen Trundle sold 6,073 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $43.78, for a total value of $265,875.94. Following the transaction, the chief executive officer directly owned 324,842 shares in the company, valued at approximately $14,221,582.76. This trade represents a 1.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Christopher Bradley sold 1,510 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $45.97, for a total transaction of $69,414.70. Following the completion of the transaction, the chief financial officer owned 51,546 shares in the company, valued at $2,369,569.62. The trade was a 2.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 20,479 shares of company stock valued at $898,465. 4.80% of the stock is owned by corporate insiders.

Alarm.com Stock Up 1.7%

ALRM opened at $46.15 on Thursday. The firm has a market cap of $2.28 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 1.52 and a beta of 0.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.55 and a current ratio of 5.16. The business has a 50 day moving average price of $44.54 and a 200 day moving average price of $47.55. Alarm.com Holdings, Inc. has a twelve month low of $41.49 and a twelve month high of $59.98.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Alarm.com from $55.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a research report on Friday, April 24th. Wall Street Zen upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Zacks Research downgraded shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Finally, Barclays lifted their price objective on shares of Alarm.com from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Three equities 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, the company currently has a consensus rating of “Reduce” and a consensus price target of $47.50.

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.