Handelsbanken Fonder AB Trims Position in Alarm.com Holdings, Inc. $ALRM

Handelsbanken Fonder AB trimmed its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 91.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,300 shares of the software maker’s stock after selling 174,500 shares during the period. Handelsbanken Fonder AB’s holdings in Alarm.com were worth $762,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ALRM. Swedbank AB lifted its position in Alarm.com by 713.1% during the fourth quarter. Swedbank AB now owns 45,316 shares of the software maker’s stock valued at $2,312,000 after purchasing an additional 39,743 shares during the period. Vanguard Group Inc. grew its position in Alarm.com by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,286,541 shares of the software maker’s stock worth $320,739,000 after purchasing an additional 53,664 shares during the period. LSV Asset Management grew its position in Alarm.com by 95.4% during the 4th quarter. LSV Asset Management now owns 119,400 shares of the software maker’s stock worth $6,092,000 after purchasing an additional 58,300 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of Alarm.com during the 1st quarter valued at about $954,000. Finally, Jackson Creek Investment Advisors LLC lifted its holdings in shares of Alarm.com by 356.4% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 33,648 shares of the software maker’s stock valued at $1,717,000 after buying an additional 26,276 shares during the period. 91.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen raised Alarm.com from a “hold” rating to a “buy” rating in a report on Sunday. Raymond James Financial restated a “strong-buy” rating and issued a $65.00 price objective on shares of Alarm.com in a research report on Friday, August 7th. Barclays raised their price objective on shares of Alarm.com from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Finally, Weiss Ratings raised shares of Alarm.com from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.00.

Alarm.com Price Performance

NASDAQ:ALRM opened at $57.38 on Thursday. Alarm.com Holdings, Inc. has a 52 week low of $41.49 and a 52 week high of $59.53. The company has a quick ratio of 4.38, a current ratio of 4.96 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $2.84 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 1.86 and a beta of 0.76. The stock’s 50-day moving average price is $51.20 and its 200-day moving average price is $47.48.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, August 6th. The software maker reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.12. Alarm.com had a return on equity of 15.65% and a net margin of 11.11%.The company had revenue of $277.73 million during the quarter, compared to analysts’ expectations of $264.96 million. During the same quarter in the prior year, the firm posted $0.60 EPS. Alarm.com’s quarterly revenue 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. As a group, equities analysts expect that Alarm.com Holdings, Inc. will post 2.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Daniel Ramos sold 8,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $46.23, for a total transaction of $369,840.00. Following the transaction, the insider owned 55,099 shares in the company, valued at $2,547,226.77. This trade represents a 12.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stephen Trundle sold 6,073 shares of Alarm.com stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $43.78, for a total transaction of $265,875.94. Following the completion of the sale, the chief executive officer directly owned 324,842 shares in the company, valued at $14,221,582.76. This represents a 1.84% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 30,873 shares of company stock worth $1,446,228. Corporate insiders own 4.80% of the company’s stock.

Alarm.com Company 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.