Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Free Report) CFO Kevin Christopher Bradley sold 5,400 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $55.07, for a total value of $297,378.00. Following the completion of the sale, the chief financial officer directly owned 78,222 shares in the company, valued at $4,307,685.54. This trade represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Kevin Christopher Bradley also recently made the following trade(s):
- On Thursday, July 2nd, Kevin Christopher Bradley sold 724 shares of Alarm.com stock. The shares were sold at an average price of $48.46, for a total value of $35,085.04.
- On Wednesday, June 10th, Kevin Christopher Bradley sold 2,200 shares of Alarm.com stock. The stock was sold at an average price of $46.15, for a total value of $101,530.00.
Alarm.com Stock Down 0.4%
ALRM stock opened at $55.57 on Friday. The stock has a market capitalization of $2.75 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 1.86 and a beta of 0.76. The company has a current ratio of 4.96, a quick ratio of 4.38 and a debt-to-equity ratio of 0.57. Alarm.com Holdings, Inc. has a 12 month low of $41.49 and a 12 month high of $59.53. The firm has a 50-day moving average price of $50.57 and a 200-day moving average price of $47.34.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Barclays boosted 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 reiterated 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 Alarm.com from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Weiss Ratings raised Alarm.com from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.00.
Read Our Latest Stock Report on ALRM
Institutional Trading of Alarm.com
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd raised its position in Alarm.com by 67.3% during the 4th quarter. Covestor Ltd now owns 691 shares of the software maker’s stock worth $35,000 after purchasing an additional 278 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Alarm.com in the 4th quarter valued at about $47,000. Strs Ohio bought a new stake in shares of Alarm.com in the 1st quarter valued at about $56,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Alarm.com in the fourth quarter valued at about $59,000. Finally, Danske Bank A S acquired a new stake in shares of Alarm.com in the fourth quarter valued at about $92,000. 91.74% of the stock is currently owned by institutional investors and hedge funds.
Alarm.com Company 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.
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