Insider Selling: Alarm.com Holdings, Inc. (NASDAQ:ALRM) Insider Sells 9,476 Shares of Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares of the company’s stock, valued at $2,540,391. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Alarm.com Trading Down 0.9 %

Alarm.com stock traded down $0.51 during mid-day trading on Tuesday, hitting $59.35. The company’s stock had a trading volume of 257,359 shares, compared to its average volume of 353,886. The stock’s fifty day moving average is $64.19 and its two-hundred day moving average is $67.28. The company has a current ratio of 5.51, a quick ratio of 5.03 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $2.98 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 3.37 and a beta of 0.92. Alarm.com Holdings, Inc. has a 1 year low of $49.70 and a 1 year high of $77.29.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. Alarm.com had a net margin of 10.08% and a return on equity of 12.14%. The business had revenue of $233.80 million during the quarter, compared to analysts’ expectations of $227.35 million. During the same period last year, the business earned $0.33 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts anticipate that Alarm.com Holdings, Inc. will post 1.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ALRM shares. Barclays dropped their target price on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, July 11th. William Blair raised shares of Alarm.com to a “hold” rating in a research report on Thursday, May 9th. Finally, StockNews.com cut shares of Alarm.com from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.67.

Hedge Funds Weigh In On Alarm.com

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Alarm.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker’s stock valued at $426,190,000 after purchasing an additional 63,653 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in Alarm.com by 6.2% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker’s stock valued at $172,257,000 after buying an additional 158,465 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Alarm.com by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker’s stock worth $73,889,000 after acquiring an additional 42,281 shares in the last quarter. Norges Bank purchased a new stake in shares of Alarm.com during the fourth quarter worth $33,277,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Alarm.com by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 474,664 shares of the software maker’s stock valued at $30,673,000 after acquiring an additional 4,918 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

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.