Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Free Report) insider Daniel Ramos sold 8,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $46.23, for a total transaction of $369,840.00. Following the sale, the insider directly owned 55,099 shares of the company’s stock, valued at $2,547,226.77. This represents a 12.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Daniel Ramos also recently made the following trade(s):
- On Friday, June 12th, Daniel Ramos sold 2,000 shares of Alarm.com stock. The stock was sold at an average price of $46.50, for a total transaction of $93,000.00.
- 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 stock was sold at an average price of $43.56, for a total transaction of $67,997.16.
Alarm.com Stock Up 0.6%
NASDAQ ALRM traded up $0.27 during mid-day trading on Friday, hitting $46.68. The company’s stock had a trading volume of 394,138 shares, compared to its average volume of 463,138. The company’s 50 day simple moving average is $44.60 and its 200 day simple moving average is $47.53. Alarm.com Holdings, Inc. has a twelve month low of $41.49 and a twelve 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 firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.55 and a beta of 0.79.
Institutional Trading of Alarm.com
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. bought a new stake in Alarm.com in the third quarter valued at approximately $25,000. Covestor Ltd grew its stake in Alarm.com by 67.3% in the fourth quarter. Covestor Ltd now owns 691 shares of the software maker’s stock worth $35,000 after purchasing an additional 278 shares during the period. Hantz Financial Services Inc. grew its stake in Alarm.com by 2,637.9% in the third quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock worth $42,000 after purchasing an additional 765 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of Alarm.com in the fourth quarter worth $47,000. Finally, Strs Ohio purchased a new stake in shares of Alarm.com in the first quarter worth $56,000. Institutional investors own 91.74% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Alarm.com in a research note on Friday, April 24th. JPMorgan Chase & Co. lowered their price objective on Alarm.com from $55.00 to $40.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 18th. Zacks Research lowered Alarm.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Barclays lifted their target price on Alarm.com from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Wall Street Zen raised Alarm.com from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Alarm.com presently has a consensus rating of “Reduce” and a consensus price target of $47.50.
Read Our Latest Research Report on Alarm.com
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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