Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Free Report) insider Daniel Ramos sold 2,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.50, for a total transaction of $93,000.00. Following the completion of the sale, the insider directly owned 53,099 shares in the company, valued at $2,469,103.50. This trade represents a 3.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Daniel Ramos also recently made the following trade(s):
- On Wednesday, June 10th, Daniel Ramos sold 8,000 shares of Alarm.com stock. The shares were sold at an average price of $46.23, for a total transaction of $369,840.00.
- On Tuesday, May 26th, Daniel Ramos sold 2,532 shares of Alarm.com stock. The stock was sold at an average price of $43.78, for a total transaction of $110,850.96.
- 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 Stock Up 0.5%
NASDAQ ALRM traded up $0.24 during trading hours on Friday, reaching $46.65. 394,138 shares of the company traded hands, compared to its average volume of 463,138. Alarm.com Holdings, Inc. has a 12 month low of $41.49 and a 12 month high of $59.53. The company has a current ratio of 5.16, a quick ratio of 4.55 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $2.31 billion, a PE ratio of 19.36, a PEG ratio of 1.55 and a beta of 0.79. The company has a 50 day moving average of $44.60 and a two-hundred day moving average of $47.53.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Barclays boosted their target price 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. Zacks Research downgraded shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a research report on Friday, April 24th. Wall Street Zen raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Alarm.com from $55.00 to $40.00 and set an “underweight” rating for the company in a research report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $47.50.
View Our Latest Stock Analysis on ALRM
Institutional Investors Weigh In On Alarm.com
A number of hedge funds have recently made changes to their positions in the company. Swedbank AB lifted its holdings in shares of Alarm.com by 713.1% in the fourth quarter. Swedbank AB now owns 45,316 shares of the software maker’s stock worth $2,312,000 after acquiring an additional 39,743 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Alarm.com by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,286,541 shares of the software maker’s stock worth $320,739,000 after acquiring an additional 53,664 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Alarm.com by 7.3% in the third quarter. Public Sector Pension Investment Board now owns 348,186 shares of the software maker’s stock worth $18,482,000 after acquiring an additional 23,675 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Alarm.com by 160.0% in the third quarter. LSV Asset Management now owns 61,100 shares of the software maker’s stock worth $3,243,000 after acquiring an additional 37,600 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Alarm.com by 19.4% in the third quarter. Handelsbanken Fonder AB now owns 522,200 shares of the software maker’s stock worth $27,718,000 after acquiring an additional 85,000 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.
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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