Alarm.com (NASDAQ:ALRM) Reaches New 12-Month Low – Should You Sell?

Alarm.com Holdings, Inc. (NASDAQ:ALRM) reached a new 52-week low on Thursday . The company traded as low as $44.81 and last traded at $45.3590, with a volume of 131860 shares. The stock had previously closed at $46.44.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ALRM. Weiss Ratings reiterated a “hold (c-)” rating on shares of Alarm.com in a research report on Tuesday, January 27th. Barclays cut their price objective on shares of Alarm.com from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Finally, Zacks Research downgraded shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.67.

Alarm.com Stock Performance

The company’s fifty day moving average price is $50.58 and its two-hundred day moving average price is $52.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.92 and a current ratio of 2.06. The firm has a market capitalization of $2.28 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.74 and a beta of 0.79.

Insider Buying and Selling at Alarm.com

In related news, insider Jeffrey A. Bedell sold 22,727 shares of Alarm.com stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $51.82, for a total value of $1,177,713.14. Following the transaction, the insider owned 505,805 shares in the company, valued at approximately $26,210,815.10. This trade represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen C. Evans sold 1,154 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $52.27, for a total value of $60,319.58. Following the completion of the transaction, the director owned 6,123 shares in the company, valued at approximately $320,049.21. This trade represents a 15.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have purchased 26,000 shares of company stock worth $1,257,321 and have sold 26,154 shares worth $1,357,388. 5.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. purchased a new stake in Alarm.com during the third quarter worth approximately $25,000. Strengthening Families & Communities LLC acquired a new position in shares of Alarm.com during the 3rd quarter valued at $27,000. Covestor Ltd lifted its holdings in shares of Alarm.com by 67.3% during the 4th quarter. Covestor Ltd now owns 691 shares of the software maker’s stock valued at $35,000 after acquiring an additional 278 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Alarm.com by 2,637.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock worth $42,000 after purchasing an additional 765 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Alarm.com in the 2nd quarter valued at $43,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

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.