BlackRock Amends Alarm.com Holdings Stake (SC 13G/A)
Ticker: ALRM · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1459200
| Field | Detail |
|---|---|
| Company | Alarm.Com Holdings, Inc. (ALRM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Alarm.com stake, signaling continued institutional interest.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of Alarm.com Holdings, Inc. common stock as of December 31, 2023. This filing is an amendment (Amendment No. 9), meaning BlackRock has updated its previously reported stake. While the specific percentage or share count isn't detailed in the provided text, the filing confirms BlackRock's continued significant institutional interest in Alarm.com, which can be a positive signal for investors as it suggests a major asset manager sees value in the company.
Why It Matters
This filing confirms BlackRock's ongoing substantial investment in Alarm.com, signaling continued institutional confidence in the company's prospects. For investors, this can be a reassuring sign of long-term stability and potential growth.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative risks for Alarm.com Holdings, Inc.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, which can be a positive indicator of institutional confidence. However, without specific share count or percentage changes in this excerpt, further investigation into the full filing is needed to understand the exact nature of the amendment.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Alarm.com Holdings, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 9 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will maintain a significant stake in Alarm.com Holdings, Inc. throughout 2024. (BlackRock, Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, an amendment to a Schedule 13G, filed by BlackRock, Inc. regarding its ownership in Alarm.com Holdings, Inc.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Alarm.com Holdings, Inc. is 011642105, as stated in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required this filing was December 31, 2023, as specified in the document.
What rule under the Securities Exchange Act of 1934 is this Schedule filed pursuant to?
This Schedule is filed pursuant to Rule 13d-1(b) of the Securities Exchange Act of 1934, indicated by the 'X' in the appropriate box.
What is the business address of the subject company, Alarm.com Holdings, Inc.?
The business address for Alarm.com Holdings, Inc. is 8281 Greensboro Drive, Suite 100, Tysons, VA 22102, according to the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding Alarm.com Holdings, Inc. (ALRM).