Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Free Report) insider Daniel Ramos sold 2,532 shares of Alarm.com stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $43.78, for a total value of $110,850.96. Following the completion of the transaction, the insider directly owned 63,099 shares of the company’s stock, valued at approximately $2,762,474.22. This represents a 3.86% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Daniel Ramos also recently made the following trade(s):
- On Monday, May 18th, Daniel Ramos sold 1,561 shares of Alarm.com stock. The stock was sold at an average price of $43.56, for a total value of $67,997.16.
Alarm.com Stock Performance
Shares of Alarm.com stock opened at $44.10 on Friday. Alarm.com Holdings, Inc. has a one year low of $41.49 and a one year high of $59.98. The company has a market cap of $2.18 billion, a PE ratio of 18.30, a P/E/G ratio of 1.47 and a beta of 0.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.55 and a current ratio of 5.16. The business has a 50-day simple moving average of $44.29 and a 200-day simple moving average of $47.80.
Hedge Funds Weigh In On Alarm.com
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optiver Holding B.V. acquired a new position in Alarm.com in the third quarter valued at approximately $25,000. Strengthening Families & Communities LLC acquired a new position in Alarm.com in the third quarter valued at approximately $27,000. Covestor Ltd boosted its holdings in Alarm.com by 67.3% in the fourth quarter. Covestor Ltd now owns 691 shares of the software maker’s stock valued at $35,000 after purchasing an additional 278 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Alarm.com by 2,637.9% in the third quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock valued at $42,000 after purchasing an additional 765 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in Alarm.com in the fourth quarter valued at approximately $47,000. 91.74% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Zacks Research downgraded Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. JPMorgan Chase & Co. lowered their price objective on Alarm.com from $55.00 to $40.00 and set an “underweight” rating for the company in a research report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a research report on Friday, April 24th. Finally, Barclays upped their price target on Alarm.com from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Alarm.com currently has an average rating of “Reduce” and an average target price of $47.50.
Check Out Our Latest Report on Alarm.com
About Alarm.com
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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