Alarm.com Holdings, Inc. (NASDAQ:ALRM) Insider Daniel Kerzner Sells 2,019 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Daniel Kerzner sold 2,019 shares of Alarm.com stock in a transaction on Friday, May 16th. The shares were sold at an average price of $59.51, for a total transaction of $120,150.69. Following the completion of the sale, the insider now owns 56,717 shares in the company, valued at $3,375,228.67. The trade was a 3.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, April 2nd, Daniel Kerzner sold 932 shares of Alarm.com stock. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68.

Alarm.com Stock Up 1.6%

Alarm.com stock opened at $59.64 on Friday. The firm has a market capitalization of $2.97 billion, a PE ratio of 26.04, a P/E/G ratio of 3.59 and a beta of 1.02. The company’s 50-day moving average is $54.62 and its 200-day moving average is $59.22. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $71.98. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). The firm had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ALRM. Burgundy Asset Management Ltd. acquired a new position in Alarm.com in the 4th quarter valued at about $42,490,000. Norges Bank acquired a new position in Alarm.com in the 4th quarter valued at about $34,841,000. T. Rowe Price Investment Management Inc. acquired a new position in Alarm.com in the 4th quarter valued at about $27,506,000. Nuveen LLC acquired a new position in Alarm.com in the 1st quarter valued at about $21,584,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Alarm.com by 120.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker’s stock valued at $24,369,000 after buying an additional 219,203 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Barclays lowered their price target on shares of Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Finally, Raymond James lowered their price target on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.33.

Alarm.com Company Profile

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.