AlarmCom Hldg Inc (NASDAQ:ALRM)’s share price dropped 6.1% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $52.40 and last traded at $55.15. Approximately 2,186,759 shares were traded during trading, an increase of 355% from the average daily volume of 480,330 shares. The stock had previously closed at $58.72.

Specifically, insider Vii Lp Tcv sold 114,687 shares of the firm’s stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $44.51, for a total value of $5,104,718.37. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Stephen Trundle sold 22,193 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $45.52, for a total transaction of $1,010,225.36. Following the completion of the sale, the insider now owns 204,691 shares in the company, valued at $9,317,534.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 181,880 shares of company stock worth $8,288,094. 37.10% of the stock is currently owned by corporate insiders.

ALRM has been the topic of a number of research analyst reports. Credit Suisse Group restated an “outperform” rating on shares of AlarmCom in a research note on Friday, August 17th. Goldman Sachs Group downgraded shares of AlarmCom from a “neutral” rating to a “sell” rating and set a $30.00 price target on the stock. in a research note on Wednesday, June 20th. Jefferies Financial Group raised their price target on shares of AlarmCom to $55.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. ValuEngine downgraded shares of AlarmCom from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. Finally, BidaskClub downgraded shares of AlarmCom from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $52.08.

The company has a debt-to-equity ratio of -1.08, a quick ratio of 3.93 and a current ratio of 4.25. The stock has a market capitalization of $2.80 billion, a P/E ratio of 72.64, a P/E/G ratio of 3.42 and a beta of 1.33.

AlarmCom (NASDAQ:ALRM) last posted its earnings results on Tuesday, August 7th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.22 by $0.12. AlarmCom had a net margin of 9.75% and a negative return on equity of 64.90%. The business had revenue of $104.49 million for the quarter, compared to the consensus estimate of $94.72 million. equities research analysts expect that AlarmCom Hldg Inc will post 1.01 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. Polen Capital Management LLC raised its holdings in AlarmCom by 12.1% during the 2nd quarter. Polen Capital Management LLC now owns 9,546 shares of the software maker’s stock worth $385,000 after purchasing an additional 1,031 shares during the last quarter. Victory Capital Management Inc. raised its holdings in AlarmCom by 28.4% during the 1st quarter. Victory Capital Management Inc. now owns 6,024 shares of the software maker’s stock worth $227,000 after purchasing an additional 1,334 shares during the last quarter. Prudential Financial Inc. raised its holdings in AlarmCom by 3.9% during the 1st quarter. Prudential Financial Inc. now owns 42,190 shares of the software maker’s stock worth $1,592,000 after purchasing an additional 1,600 shares during the last quarter. Swiss National Bank raised its holdings in AlarmCom by 6.3% during the 1st quarter. Swiss National Bank now owns 28,500 shares of the software maker’s stock worth $1,076,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Engineers Gate Manager LP raised its holdings in AlarmCom by 13.1% during the 2nd quarter. Engineers Gate Manager LP now owns 15,300 shares of the software maker’s stock worth $618,000 after purchasing an additional 1,770 shares during the last quarter. Institutional investors and hedge funds own 96.04% of the company’s stock.

About AlarmCom (NASDAQ:ALRM)

Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.

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