Handelsbanken Fonder AB Cuts Stock Holdings in Alarm.com Holdings, Inc. $ALRM

Handelsbanken Fonder AB lowered its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 91.5% in the second quarter, Holdings Channel.com reports. The fund owned 16,300 shares of the software maker’s stock after selling 174,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Alarm.com were worth $762,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd boosted its stake in shares of Alarm.com by 67.3% in the fourth quarter. Covestor Ltd now owns 691 shares of the software maker’s stock worth $35,000 after acquiring an additional 278 shares during the last quarter. Strs Ohio purchased a new stake in shares of Alarm.com during the first quarter worth approximately $56,000. Kemnay Advisory Services Inc. acquired a new position in Alarm.com in the 4th quarter valued at $59,000. Danske Bank A S acquired a new position in Alarm.com in the 4th quarter valued at $92,000. Finally, Pacer Advisors Inc. lifted its holdings in Alarm.com by 21.2% in the 1st quarter. Pacer Advisors Inc. now owns 2,312 shares of the software maker’s stock valued at $100,000 after purchasing an additional 404 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Insider Activity

In other news, CEO Stephen Trundle sold 6,073 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $43.78, for a total value of $265,875.94. Following the completion of the sale, the chief executive officer owned 324,842 shares of the company’s stock, valued at $14,221,582.76. This represents a 1.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Daniel Kerzner sold 3,944 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $43.78, for a total transaction of $172,668.32. Following the sale, the insider owned 101,141 shares of the company’s stock, valued at $4,427,952.98. This represents a 3.75% decrease in their position. 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. Over the last quarter, insiders have sold 30,873 shares of company stock valued at $1,446,228. Company insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ALRM shares. Barclays lifted their target price 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. Raymond James Financial reissued a “strong-buy” rating and issued a $65.00 price target on shares of Alarm.com in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Weiss Ratings raised shares of Alarm.com from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $55.00.

Alarm.com Stock Up 3.3%

Shares of 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 stock has a market cap of $2.84 billion, a P/E ratio of 25.39, a PEG ratio of 1.86 and a beta of 0.76. The business has a fifty day moving average of $51.20 and a two-hundred day moving average of $47.48. The company has a quick ratio of 4.38, a current ratio of 4.96 and a debt-to-equity ratio of 0.57.

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

Alarm.com 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.