Alarm.com Holdings, Inc. (NASDAQ:ALRM) Insider Daniel Kerzner Sells 932 Shares of Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Daniel Kerzner sold 932 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the transaction, the insider now directly owns 58,736 shares of the company’s stock, valued at approximately $3,259,260.64. This trade represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Alarm.com Price Performance

Alarm.com stock opened at $50.93 on Friday. The business has a 50-day simple moving average of $59.33 and a 200 day simple moving average of $59.40. Alarm.com Holdings, Inc. has a 52 week low of $50.44 and a 52 week high of $71.98. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 3.59 and a beta of 1.03.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $242.24 million for the quarter, compared to the consensus estimate 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 forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Summit Investment Advisors Inc. raised its stake in shares of Alarm.com by 3.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker’s stock valued at $301,000 after acquiring an additional 172 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Alarm.com by 8.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker’s stock valued at $162,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its stake in Alarm.com by 29.5% in the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after acquiring an additional 238 shares during the period. MetLife Investment Management LLC boosted its holdings in Alarm.com by 1.0% in the fourth quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker’s stock valued at $1,710,000 after acquiring an additional 281 shares in the last quarter. Finally, Quarry LP raised its holdings in Alarm.com by 43.0% in the 4th quarter. Quarry LP now owns 1,008 shares of the software maker’s stock worth $61,000 after purchasing an additional 303 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $64.40.

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.