Alarm.com Holdings, Inc. $ALRM Stake Lowered by US Bancorp DE

US Bancorp DE cut its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 14.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,969 shares of the software maker’s stock after selling 1,792 shares during the quarter. US Bancorp DE’s holdings in Alarm.com were worth $621,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of Alarm.com by 2.3% during the first quarter. Principal Financial Group Inc. now owns 271,379 shares of the software maker’s stock valued at $15,102,000 after purchasing an additional 6,078 shares during the last quarter. Bessemer Group Inc. grew its holdings in Alarm.com by 304.6% in the 1st quarter. Bessemer Group Inc. now owns 708 shares of the software maker’s stock worth $39,000 after buying an additional 533 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Alarm.com in the 1st quarter worth approximately $241,000. GAMMA Investing LLC grew its holdings in Alarm.com by 87.9% in the 1st quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker’s stock worth $109,000 after buying an additional 919 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Alarm.com by 44.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 57,623 shares of the software maker’s stock worth $3,260,000 after buying an additional 17,680 shares in the last quarter. 91.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ALRM shares. Weiss Ratings reissued a “hold (c)” rating on shares of Alarm.com in a report on Wednesday, October 8th. Zacks Research lowered Alarm.com from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.60.

Alarm.com Stock Performance

ALRM opened at $49.72 on Monday. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 2.47 and a beta of 1.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.95 and a quick ratio of 1.82. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $70.06. The business has a 50 day moving average price of $54.76 and a two-hundred day moving average price of $55.20.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, August 7th. The software maker reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $254.31 million during the quarter, compared to the consensus estimate of $243.96 million. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 earnings per share. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. Research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Alarm.com 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.