Entropy Technologies LP Makes New $385,000 Investment in Alarm.com Holdings, Inc. $ALRM

Entropy Technologies LP acquired a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,800 shares of the software maker’s stock, valued at approximately $385,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Geneva Capital Management LLC boosted its stake in Alarm.com by 0.9% in the 1st quarter. Geneva Capital Management LLC now owns 1,310,216 shares of the software maker’s stock worth $72,913,000 after buying an additional 12,198 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Alarm.com by 1.3% during 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 period. Burgundy Asset Management Ltd. boosted its position in shares of Alarm.com by 26.3% in the first quarter. Burgundy Asset Management Ltd. now owns 882,351 shares of the software maker’s stock worth $49,103,000 after acquiring an additional 183,503 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Alarm.com by 1.0% in 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 during the period. Finally, T. Rowe Price Investment Management Inc. increased its position in Alarm.com by 7.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 484,266 shares of the software maker’s stock worth $26,950,000 after purchasing an additional 31,866 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Zacks Research upgraded shares of Alarm.com from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Barclays reduced their target price on Alarm.com from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Alarm.com in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.67.

Insider Transactions at Alarm.com

In other news, CEO Stephen Trundle acquired 10,000 shares of the stock in a transaction on Thursday, November 20th. The stock was bought at an average price of $48.07 per share, with a total value of $480,700.00. Following the completion of the transaction, the chief executive officer directly owned 1,315,343 shares of the company’s stock, valued at $63,228,538.01. The trade was a 0.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel Kerzner sold 10,000 shares of Alarm.com stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $50.33, for a total transaction of $503,300.00. Following the sale, the insider owned 52,000 shares in the company, valued at $2,617,160. This represents a 16.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders bought 26,000 shares of company stock valued at $1,257,321. Insiders own 5.60% of the company’s stock.

Alarm.com Stock Performance

Shares of ALRM stock opened at $52.49 on Wednesday. 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 $2.62 billion, a PE ratio of 22.24, a P/E/G ratio of 2.00 and a beta of 1.06. The company’s fifty day simple moving average is $51.02 and its 200-day simple moving average is $54.80. Alarm.com Holdings, Inc. has a 52 week low of $46.65 and a 52 week high of $70.06.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, November 6th. The software maker reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.14. Alarm.com had a return on equity of 14.26% and a net margin of 12.92%.The firm had revenue of $256.40 million during the quarter, compared to the consensus estimate of $251.14 million. During the same period in the prior year, the firm earned $0.62 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. As a group, equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

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.