Alarm.com Holdings, Inc. (NASDAQ:ALRM) CEO Sells $206,469.04 in Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) CEO Stephen Trundle sold 3,644 shares of Alarm.com stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total value of $206,469.04. Following the completion of the sale, the chief executive officer now directly owns 268,859 shares in the company, valued at approximately $15,233,550.94. The trade was a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Stephen Trundle also recently made the following trade(s):

• On Friday, May 16th, Stephen Trundle sold 3,626 shares of Alarm.com stock. The shares were sold at an average price of $59.51, for a total value of $215,783.26.
• On Wednesday, April 2nd, Stephen Trundle sold 1,553 shares of Alarm.com stock. The stock was sold at an average price of $55.49, for a total transaction of $86,175.97.

Alarm.com Trading Up 2.2%

ALRM stock traded up $1.23 during midday trading on Tuesday, reaching $57.73. The company’s stock had a trading volume of 252,968 shares, compared to its average volume of 424,392. Alarm.com Holdings, Inc. has a 1 year low of $48.23 and a 1 year high of $71.98. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 3.59 and a beta of 1.02. The stock has a fifty day simple moving average of $54.50 and a two-hundred day simple moving average of $59.29. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85.

Institutional Investors Weigh In On Alarm.com

Several large investors have recently added to or reduced their stakes in ALRM. Barclays PLC raised its stake in shares of Alarm.com by 323.2% during the third quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock valued at $4,997,000 after acquiring an additional 69,804 shares in the last quarter. Atomi Financial Group Inc. bought a new position in Alarm.com in the fourth quarter worth approximately $259,000. Nisa Investment Advisors LLC increased its holdings in Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after purchasing an additional 539 shares during the period. SG Americas Securities LLC raised its position in Alarm.com by 61.6% during the 4th quarter. SG Americas Securities LLC now owns 10,473 shares of the software maker’s stock valued at $637,000 after purchasing an additional 3,992 shares in the last quarter. Finally, KBC Group NV raised its position in Alarm.com by 47.9% during the 4th quarter. KBC Group NV now owns 1,920 shares of the software maker’s stock valued at $117,000 after purchasing an additional 622 shares in the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on ALRM. The Goldman Sachs Group lowered their price objective on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Raymond James lowered their price target on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating for the company in a report on Friday, May 9th. Finally, Barclays dropped their price objective on shares of Alarm.com from $67.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.