Assenagon Asset Management S.A. Has $3.04 Million Holdings in Alarm.com Holdings, Inc. $ALRM

Assenagon Asset Management S.A. decreased its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 47.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,442 shares of the software maker’s stock after selling 63,903 shares during the period. Assenagon Asset Management S.A.’s holdings in Alarm.com were worth $3,042,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ALRM. Covestor Ltd boosted its stake in Alarm.com by 67.3% in the 4th quarter. Covestor Ltd now owns 691 shares of the software maker’s stock worth $35,000 after purchasing an additional 278 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of Alarm.com in the fourth quarter valued at about $47,000. Strs Ohio acquired a new position in shares of Alarm.com during the first quarter worth about $56,000. Kemnay Advisory Services Inc. acquired a new position in shares of Alarm.com during the fourth quarter worth about $59,000. Finally, GAMMA Investing LLC grew its holdings in shares of Alarm.com by 22.4% during the fourth quarter. GAMMA Investing LLC now owns 1,361 shares of the software maker’s stock worth $69,000 after buying an additional 249 shares in the last quarter. 91.74% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Daniel Ramos sold 8,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $46.23, for a total transaction of $369,840.00. Following the transaction, the insider directly owned 55,099 shares in the company, valued at approximately $2,547,226.77. The trade was a 12.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen Trundle sold 6,073 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $43.78, for a total transaction of $265,875.94. Following the sale, the chief executive officer directly owned 324,842 shares in the company, valued at $14,221,582.76. This trade represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 31,169 shares of company stock valued at $1,393,420 over the last three months. Corporate insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

ALRM has been the topic of a number of recent research reports. Wall Street Zen lowered Alarm.com from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Zacks Research downgraded Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Weiss Ratings cut shares of Alarm.com from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. 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 report on Friday, May 8th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $47.50.

Alarm.com Stock Performance

ALRM opened at $46.72 on Wednesday. The business’s 50-day simple moving average is $44.83 and its 200 day simple moving average is $46.88. Alarm.com Holdings, Inc. has a 52-week low of $41.49 and a 52-week high of $59.53. 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 firm has a market capitalization of $2.31 billion, a PE ratio of 19.39, a PEG ratio of 1.55 and a beta of 0.79.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. The firm 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 business’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. Alarm.com has set its FY 2026 guidance at 2.810-2.810 EPS. As a group, sell-side analysts expect that Alarm.com Holdings, Inc. will post 2.34 earnings per share for the current fiscal year.

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.