Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) insider Daniel Kerzner sold 32,851 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $66.40, for a total value of $2,181,306.40. Following the sale, the insider now directly owns 59,668 shares of the company's stock, valued at $3,961,955.20. This represents a 35.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Alarm.com Stock Up 0.2 %
ALRM opened at $67.86 on Wednesday. The firm has a 50-day simple moving average of $59.66 and a two-hundred day simple moving average of $60.66. Alarm.com Holdings, Inc. has a 52 week low of $51.87 and a 52 week high of $77.29. The company has a market capitalization of $3.35 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 4.08 and a beta of 0.97. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42.
Analyst Ratings Changes
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A number of research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price objective on Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Roth Mkm reduced their price objective on shares of Alarm.com from $78.00 to $73.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. StockNews.com upgraded shares of Alarm.com from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Jefferies Financial Group initiated coverage on Alarm.com in a research note on Tuesday, November 5th. They issued a "buy" rating and a $65.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $64.40.
Get Our Latest Research Report on ALRM
Institutional Trading of Alarm.com
Several hedge funds have recently modified their holdings of the company. Oakworth Capital Inc. bought a new stake in Alarm.com in the third quarter worth $38,000. Quarry LP grew its stake in shares of Alarm.com by 291.7% in the 3rd quarter. Quarry LP now owns 705 shares of the software maker's stock worth $39,000 after buying an additional 525 shares in the last quarter. Huntington National Bank increased its holdings in shares of Alarm.com by 52.4% in the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker's stock worth $58,000 after buying an additional 367 shares during the last quarter. Point72 DIFC Ltd raised its position in shares of Alarm.com by 293.6% during the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker's stock valued at $94,000 after buying an additional 1,101 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Alarm.com in the 2nd quarter valued at about $108,000. 91.74% of the stock is owned by hedge funds and other institutional investors.
Alarm.com Company Profile
(
Get Free Report)
Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.
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