Alarm.com Holdings, Inc. (NASDAQ:ALRM) Insider Sells $2,181,306.40 in Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Daniel Kerzner sold 32,851 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the completion of the sale, the insider now owns 59,668 shares of the company’s stock, valued at approximately $3,961,955.20. This trade represents a 35.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Alarm.com Price Performance

ALRM stock traded up $0.15 on Tuesday, reaching $67.86. 399,921 shares of the company’s stock were exchanged, compared to its average volume of 377,766. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $77.29. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. The stock has a fifty day moving average of $59.66 and a 200-day moving average of $60.66. The firm has a market cap of $3.35 billion, a PE ratio of 29.34, a P/E/G ratio of 4.08 and a beta of 0.97.

Hedge Funds Weigh In On Alarm.com

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Centaurus Financial Inc. lifted its stake in shares of Alarm.com by 3.7% in the third quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker’s stock valued at $12,937,000 after purchasing an additional 8,456 shares during the period. Hsbc Holdings PLC increased its holdings in Alarm.com by 312.9% in the second quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker’s stock valued at $1,399,000 after buying an additional 16,625 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Alarm.com during the 2nd quarter valued at approximately $599,000. Squarepoint Ops LLC boosted its stake in shares of Alarm.com by 630.1% during the 2nd quarter. Squarepoint Ops LLC now owns 97,847 shares of the software maker’s stock worth $6,217,000 after acquiring an additional 84,445 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Alarm.com by 369.7% in the 3rd quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker’s stock worth $3,802,000 after acquiring an additional 54,738 shares during the period. 91.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALRM has been the subject of a number of research reports. The Goldman Sachs Group upped their target price on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Jefferies Financial Group began coverage on Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective for the company. Barclays lifted their target price on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Roth Mkm decreased their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $50.00 price objective (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Alarm.com currently has an average rating of “Hold” and an average price target of $64.40.

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.