Daniel Kerzner Sells 20,000 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Daniel Kerzner sold 20,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $40.21, for a total transaction of $804,200.00. Following the sale, the insider now owns 17,151 shares in the company, valued at $689,641.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Daniel Kerzner also recently made the following trade(s):

  • On Wednesday, July 26th, Daniel Kerzner sold 18,500 shares of Alarm.com Holdings stock. The stock was sold at an average price of $37.04, for a total transaction of $685,240.00.

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) opened at 40.80 on Friday. The firm has a market capitalization of $1.91 billion, a P/E ratio of 104.35 and a beta of 1.52. The stock has a 50 day moving average of $37.94 and a 200-day moving average of $33.00. Alarm.com Holdings, Inc. has a 1-year low of $24.52 and a 1-year high of $42.48.

Alarm.com Holdings (NASDAQ:ALRM) last released its earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.14. Alarm.com Holdings had a negative return on equity of 34.65% and a net margin of 6.50%. The company had revenue of $86 million for the quarter, compared to analysts’ expectations of $81.05 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 33.5% on a year-over-year basis. On average, equities analysts expect that Alarm.com Holdings, Inc. will post $0.97 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This article was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://transcriptdaily.com/2017/08/13/daniel-kerzner-sells-20000-shares-of-alarm-com-holdings-inc-nasdaqalrm-stock.html.

ALRM has been the topic of a number of analyst reports. Imperial Capital reiterated an “outperform” rating and set a $36.00 price objective (up from $35.00) on shares of Alarm.com Holdings in a research note on Thursday, May 11th. Zacks Investment Research downgraded shares of Alarm.com Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Northland Securities began coverage on shares of Alarm.com Holdings in a research note on Friday, June 9th. They issued an “outperform” rating and a $41.00 price target on the stock. BidaskClub downgraded shares of Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $29.00 price target on shares of Alarm.com Holdings in a research note on Tuesday, July 25th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Alarm.com Holdings has a consensus rating of “Buy” and a consensus target price of $41.89.

A number of institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Alarm.com Holdings during the first quarter valued at approximately $178,000. Airain ltd purchased a new stake in shares of Alarm.com Holdings during the first quarter valued at approximately $413,000. Trexquant Investment LP purchased a new stake in shares of Alarm.com Holdings during the first quarter valued at approximately $404,000. Parametric Portfolio Associates LLC raised its stake in shares of Alarm.com Holdings by 15.3% in the first quarter. Parametric Portfolio Associates LLC now owns 32,269 shares of the software maker’s stock valued at $992,000 after buying an additional 4,276 shares during the period. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Alarm.com Holdings during the first quarter valued at approximately $1,564,000. Institutional investors own 83.51% of the company’s stock.

Alarm.com Holdings Company Profile

Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.

Insider Buying and Selling by Quarter for Alarm.com Holdings (NASDAQ:ALRM)

Receive News & Ratings for Alarm.com Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alarm.com Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply