Alarm.com Holdings, Inc. (NASDAQ:ALRM) Insider Sells $97,953.46 in Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Daniel Ramos sold 1,646 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 value of $97,953.46. Following the completion of the transaction, the insider now owns 36,954 shares in the company, valued at $2,199,132.54. This represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, May 14th, Daniel Ramos sold 6,890 shares of Alarm.com stock. The shares were sold at an average price of $60.06, for a total value of $413,813.40.

Alarm.com Stock Up 1.6%

Shares of ALRM stock opened at $59.64 on Monday. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $71.98. The stock’s fifty day moving average price is $54.62 and its 200 day moving average price is $59.26. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results 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 analysts’ expectations of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. On average, research analysts expect that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ALRM. Raymond James cut their price target on Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group dropped their target price on Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Finally, Barclays dropped their target price on 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Alarm.com has a consensus rating of “Moderate Buy” and an average target price of $64.33.

Institutional Trading of Alarm.com

Several large investors have recently added to or reduced their stakes in the company. Woodline Partners LP purchased a new stake in Alarm.com during the 1st quarter valued at about $514,000. Dynamic Technology Lab Private Ltd grew its stake in Alarm.com by 90.9% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 24,432 shares of the software maker’s stock valued at $1,359,000 after purchasing an additional 11,632 shares during the last quarter. Select Equity Group L.P. grew its stake in Alarm.com by 587.4% during the 1st quarter. Select Equity Group L.P. now owns 200,434 shares of the software maker’s stock valued at $11,154,000 after purchasing an additional 171,274 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Alarm.com by 9.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,617 shares of the software maker’s stock valued at $4,653,000 after purchasing an additional 7,212 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Alarm.com by 539.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 189,153 shares of the software maker’s stock valued at $10,526,000 after purchasing an additional 159,574 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

About Alarm.com

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.