Squarepoint Ops LLC Has $8.59 Million Stock Holdings in Alarm.com Holdings, Inc. $ALRM

Squarepoint Ops LLC grew its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 19.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 151,875 shares of the software maker’s stock after acquiring an additional 25,020 shares during the period. Squarepoint Ops LLC’s holdings in Alarm.com were worth $8,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in Alarm.com by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 535,678 shares of the software maker’s stock worth $29,810,000 after purchasing an additional 5,295 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Alarm.com during the 1st quarter valued at about $21,584,000. Burgundy Asset Management Ltd. grew its stake in shares of Alarm.com by 26.3% in the 1st quarter. Burgundy Asset Management Ltd. now owns 882,351 shares of the software maker’s stock valued at $49,103,000 after buying an additional 183,503 shares in the last quarter. Aviso Financial Inc. increased its holdings in Alarm.com by 2.3% in the first quarter. Aviso Financial Inc. now owns 13,550 shares of the software maker’s stock worth $754,000 after buying an additional 300 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in Alarm.com by 11.1% during the first quarter. Hsbc Holdings PLC now owns 30,499 shares of the software maker’s stock valued at $1,687,000 after acquiring an additional 3,052 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Daniel Kerzner sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $50.33, for a total value of $503,300.00. Following the sale, the insider owned 52,000 shares of the company’s stock, valued at $2,617,160. The trade was a 16.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stephen Trundle purchased 10,000 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were acquired at an average price of $48.07 per share, with a total value of $480,700.00. Following the purchase, the chief executive officer owned 1,315,343 shares of the company’s stock, valued at approximately $63,228,538.01. This trade represents a 0.77% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 26,000 shares of company stock worth $1,257,321 in the last quarter. Corporate insiders own 5.80% of the company’s stock.

Alarm.com Price Performance

NASDAQ:ALRM opened at $52.16 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.06 and a quick ratio of 1.92. Alarm.com Holdings, Inc. has a one year low of $46.65 and a one year high of $68.54. The company has a fifty day moving average price of $50.70 and a 200 day moving average price of $54.25. The stock has a market cap of $2.60 billion, a P/E ratio of 22.10, a PEG ratio of 1.99 and a beta of 0.89.

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

Wall Street Analyst Weigh In

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

About Alarm.com

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.