Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Free Report) insider Daniel Ramos sold 2,532 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $43.78, for a total transaction of $110,850.96. Following the completion of the transaction, the insider owned 63,099 shares of the company’s stock, valued at $2,762,474.22. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Daniel Ramos also recently made the following trade(s):
- On Monday, May 18th, Daniel Ramos sold 1,561 shares of Alarm.com stock. The shares were sold at an average price of $43.56, for a total transaction of $67,997.16.
Alarm.com Trading Up 2.3%
ALRM opened at $45.11 on Friday. The stock has a market capitalization of $2.23 billion, a PE ratio of 18.72, a P/E/G ratio of 1.51 and a beta of 0.79. The firm’s fifty day moving average price is $44.27 and its 200 day moving average price is $47.79. The company has a debt-to-equity ratio of 0.57, a current ratio of 5.16 and a quick ratio of 4.55. Alarm.com Holdings, Inc. has a 12-month low of $41.49 and a 12-month high of $59.98.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Alarm.com from $55.00 to $40.00 and set an “underweight” rating on the stock in a report on Wednesday, February 18th. Zacks Research cut shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a report on Friday, April 24th. Finally, Barclays increased their target price on shares of Alarm.com from $50.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $47.50.
Read Our Latest Report on ALRM
Institutional Trading of Alarm.com
A number of institutional investors and hedge funds have recently modified their holdings of the business. Arizona State Retirement System raised its holdings in shares of Alarm.com by 1.5% during the third quarter. Arizona State Retirement System now owns 13,975 shares of the software maker’s stock worth $742,000 after purchasing an additional 210 shares during the period. California State Teachers Retirement System raised its holdings in shares of Alarm.com by 0.5% during the second quarter. California State Teachers Retirement System now owns 43,287 shares of the software maker’s stock worth $2,449,000 after purchasing an additional 226 shares during the period. Cresset Asset Management LLC raised its holdings in shares of Alarm.com by 0.6% during the third quarter. Cresset Asset Management LLC now owns 40,234 shares of the software maker’s stock worth $2,136,000 after purchasing an additional 228 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Alarm.com by 0.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 37,063 shares of the software maker’s stock worth $1,967,000 after purchasing an additional 246 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Alarm.com by 22.4% during the fourth quarter. GAMMA Investing LLC now owns 1,361 shares of the software maker’s stock worth $69,000 after purchasing an additional 249 shares during the period. 91.74% of the stock is 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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