Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Free Report) CFO Kevin Christopher Bradley sold 5,400 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $55.07, for a total value of $297,378.00. Following the sale, the chief financial officer directly owned 78,222 shares in the company, valued at approximately $4,307,685.54. The trade was a 6.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Kevin Christopher Bradley also recently made the following trade(s):
- On Thursday, July 2nd, Kevin Christopher Bradley sold 724 shares of Alarm.com stock. The shares were sold at an average price of $48.46, for a total transaction of $35,085.04.
- On Wednesday, June 10th, Kevin Christopher Bradley sold 2,200 shares of Alarm.com stock. The shares were sold at an average price of $46.15, for a total transaction of $101,530.00.
Alarm.com Price Performance
Alarm.com stock opened at $55.57 on Monday. The stock has a market capitalization of $2.75 billion, a P/E ratio of 24.59, a P/E/G ratio of 1.86 and a beta of 0.76. Alarm.com Holdings, Inc. has a 12-month low of $41.49 and a 12-month high of $59.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.96 and a quick ratio of 4.38. The firm’s 50-day moving average is $50.57 and its two-hundred day moving average is $47.33.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in shares of Alarm.com by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 43,287 shares of the software maker’s stock worth $2,449,000 after acquiring an additional 226 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Alarm.com by 1.8% during the 4th quarter. Stifel Financial Corp now owns 14,176 shares of the software maker’s stock valued at $723,000 after acquiring an additional 254 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Alarm.com by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 9,284 shares of the software maker’s stock valued at $474,000 after acquiring an additional 269 shares in the last quarter. Covestor Ltd raised its stake in shares of Alarm.com by 67.3% in the 4th quarter. Covestor Ltd now owns 691 shares of the software maker’s stock valued at $35,000 after acquiring an additional 278 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Alarm.com by 1.3% in the 4th quarter. State of Alaska Department of Revenue now owns 27,944 shares of the software maker’s stock worth $1,424,000 after purchasing an additional 368 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on ALRM shares. Weiss Ratings upgraded Alarm.com from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Barclays increased their target price on Alarm.com from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Wall Street Zen upgraded Alarm.com from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $65.00 price objective on shares of Alarm.com in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $55.00.
Get Our Latest Analysis on ALRM
Alarm.com Company Profile
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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