Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Free Report) insider Daniel Kerzner sold 3,944 shares of Alarm.com stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $43.78, for a total transaction of $172,668.32. Following the completion of the transaction, the insider directly owned 101,141 shares in the company, valued at approximately $4,427,952.98. The trade was a 3.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Daniel Kerzner also recently made the following trade(s):
- On Monday, May 18th, Daniel Kerzner sold 1,915 shares of Alarm.com stock. The shares were sold at an average price of $43.56, for a total transaction of $83,417.40.
Alarm.com Stock Performance
Shares of ALRM stock opened at $45.11 on Friday. The company’s fifty day simple moving average is $44.27 and its 200-day simple moving average is $47.79. The company has a quick ratio of 4.55, a current ratio of 5.16 and a debt-to-equity ratio of 0.57. The firm has a market cap of $2.23 billion, a PE ratio of 18.72, a P/E/G ratio of 1.51 and a beta of 0.79. Alarm.com Holdings, Inc. has a 12 month low of $41.49 and a 12 month high of $59.98.
Analyst Ratings Changes
A number of analysts have recently commented on ALRM shares. JPMorgan Chase & Co. cut their price objective on shares of Alarm.com from $55.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 18th. Zacks Research lowered shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Barclays boosted their price objective on shares of Alarm.com from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a research report on Friday, April 24th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $47.50.
Check Out Our Latest Stock Report on Alarm.com
Hedge Funds Weigh In On Alarm.com
A number of institutional investors have recently added to or reduced their stakes in the company. Centaurus Financial Inc. increased its holdings in Alarm.com by 1.0% during the first quarter. Centaurus Financial Inc. now owns 271,841 shares of the software maker’s stock worth $11,741,000 after buying an additional 2,782 shares during the last quarter. California State Teachers Retirement System increased its holdings in Alarm.com by 30.5% during the first quarter. California State Teachers Retirement System now owns 58,939 shares of the software maker’s stock worth $2,546,000 after buying an additional 13,761 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Alarm.com by 111.1% during the first quarter. Quantinno Capital Management LP now owns 19,705 shares of the software maker’s stock worth $851,000 after buying an additional 10,370 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Alarm.com by 7.7% during the first quarter. Public Employees Retirement System of Ohio now owns 82,836 shares of the software maker’s stock worth $3,578,000 after buying an additional 5,929 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Alarm.com by 43.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 779,200 shares of the software maker’s stock worth $33,654,000 after buying an additional 237,633 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.
About Alarm.com
Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company’s interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.
Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.
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