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    Alex Locker

    Research Analyst at Goldman Sachs

    Alex Locker is an Equity Research Analyst at Goldman Sachs, specializing in the technology sector with a primary focus on large-cap internet and digital media companies. He covers leading firms such as Alphabet, Meta Platforms, Amazon, and Netflix, and is recognized for his rigorous company modeling and data-driven recommendations. Since joining Goldman Sachs in 2021, Alex has consistently delivered actionable investment insights and top-quartile stock calls, earning positive feedback from institutional clients. He holds FINRA Series 7 and 63 licenses and is known for his analytical rigor and clear communication of complex market trends.

    Alex Locker's questions to ADT (ADT) leadership

    Alex Locker's questions to ADT (ADT) leadership • Q4 2024

    Question

    Alex Locker of Goldman Sachs inquired about ADT's plans for bulk account purchases in 2025, its overall capital allocation strategy, and the performance of the State Farm partnership in Q4 compared to previous quarters.

    Answer

    CEO Jim DeVries stated that ADT acquired 49,000 bulk accounts in 2024 and will continue to pursue such deals when economically favorable. He also noted the State Farm partnership expanded to 17 states, with 18,000 sales in 2024 versus 5,500 in 2023. CFO Jeff Likosar added that capital allocation priorities include business investment, balance sheet strengthening, and shareholder returns, highlighting a new $500 million share repurchase authorization.

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