Alarm.com (ALRM) Stock Price Down 6% After Insider Selling
Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) fell 6% on Wednesday following insider selling activity. The stock traded as low as $40.63 and last traded at $41.13. 743,825 shares traded hands during mid-day trading, an increase of 106% from the average session volume of 361,482 shares. The stock had previously closed at $43.77.
Specifically, CTO Jean-Paul Martin sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $45.13, for a total transaction of $451,300.00. Following the transaction, the chief technology officer now directly owns 140,404 shares of the company’s stock, valued at $6,336,432.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vii Lp Tcv sold 121,885 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $42.40, for a total value of $5,167,924.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 400,057 shares of company stock valued at $17,570,591. Company insiders own 46.80% of the company’s stock.
A number of research firms recently commented on ALRM. Northland Securities set a $45.00 price objective on Alarm.com and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Bank of America boosted their price target on Alarm.com from $39.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Roth Capital upped their price objective on Alarm.com from $43.50 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Maxim Group restated a “buy” rating and issued a $44.00 price objective on shares of Alarm.com in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised Alarm.com from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Monday, August 14th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alarm.com presently has a consensus rating of “Buy” and an average price target of $46.90.
The stock has a market cap of $1,930.00 and a price-to-earnings ratio of 48.63. The company has a debt-to-equity ratio of -0.81, a current ratio of 3.16 and a quick ratio of 2.88.
Alarm.com (NASDAQ:ALRM) last released its earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.07. Alarm.com had a net margin of 9.97% and a negative return on equity of 42.00%. The business had revenue of $90.00 million during the quarter, compared to analyst estimates of $83.04 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. sell-side analysts predict that Alarm.com Holdings, Inc. will post 0.83 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC bought a new stake in shares of Alarm.com in the 2nd quarter valued at approximately $37,684,000. Oak Ridge Investments LLC bought a new stake in shares of Alarm.com in the 2nd quarter valued at approximately $19,059,000. Koch Industries Inc. bought a new position in Alarm.com during the 2nd quarter worth $485,000. Pictet Asset Management Ltd. bought a new position in Alarm.com during the 3rd quarter worth $19,427,000. Finally, FMR LLC grew its stake in Alarm.com by 349.5% during the 2nd quarter. FMR LLC now owns 300,751 shares of the software maker’s stock worth $11,317,000 after buying an additional 233,846 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.
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Alarm.com Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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