Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Free Report) CFO Kevin Christopher Bradley sold 724 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $48.46, for a total value of $35,085.04. Following the completion of the transaction, the chief financial officer owned 83,622 shares of the company’s stock, valued at $4,052,322.12. This represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Kevin Christopher Bradley also recently made the following trade(s):
- 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 Performance
NASDAQ:ALRM opened at $49.69 on Friday. The stock’s 50-day moving average is $45.02 and its 200-day moving average is $46.85. Alarm.com Holdings, Inc. has a 1-year low of $41.49 and a 1-year high of $59.53. The company has a current ratio of 5.16, a quick ratio of 4.55 and a debt-to-equity ratio of 0.57. The stock has a market cap of $2.46 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 1.67 and a beta of 0.77.
Institutional Trading of Alarm.com
Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Alarm.com by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,286,541 shares of the software maker’s stock worth $320,739,000 after acquiring an additional 53,664 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of Alarm.com by 3.0% during the second quarter. Disciplined Growth Investors Inc. MN now owns 3,491,824 shares of the software maker’s stock valued at $197,532,000 after purchasing an additional 102,481 shares during the period. Bank of Montreal Can boosted its position in shares of Alarm.com by 625.1% during the 4th quarter. Bank of Montreal Can now owns 2,231,227 shares of the software maker’s stock worth $113,837,000 after purchasing an additional 1,923,525 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Alarm.com by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,219,732 shares of the software maker’s stock valued at $62,239,000 after buying an additional 7,454 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Alarm.com by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,117,359 shares of the software maker’s stock valued at $48,257,000 after buying an additional 11,624 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Zacks Research cut shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Weiss Ratings lowered Alarm.com from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Wall Street Zen downgraded Alarm.com from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. 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 research report on Friday, May 8th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $47.50.
Check Out Our Latest Report on ALRM
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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