Daniel Kerzner Sells 20,000 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stock
Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Daniel Kerzner sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $40.21, for a total value of $804,200.00. Following the transaction, the insider now directly owns 17,151 shares of the company’s stock, valued at $689,641.71. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Daniel Kerzner also recently made the following trade(s):
- On Wednesday, July 26th, Daniel Kerzner sold 18,500 shares of Alarm.com Holdings stock. The stock was sold at an average price of $37.04, for a total value of $685,240.00.
Shares of Alarm.com Holdings, Inc. (ALRM) traded down 2.22% on Thursday, hitting $40.55. The company’s stock had a trading volume of 503,492 shares. Alarm.com Holdings, Inc. has a 52 week low of $24.52 and a 52 week high of $42.48. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 103.71 and a beta of 1.52. The stock’s 50 day moving average is $37.76 and its 200-day moving average is $32.86.
Alarm.com Holdings (NASDAQ:ALRM) last posted its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.29 EPS for the quarter, beating the consensus estimate of $0.15 by $0.14. Alarm.com Holdings had a net margin of 6.50% and a negative return on equity of 34.65%. The business had revenue of $86 million for the quarter, compared to analysts’ expectations of $81.05 million. During the same period in the previous year, the company posted $0.15 EPS. Alarm.com Holdings’s revenue was up 33.5% on a year-over-year basis. On average, equities research analysts anticipate that Alarm.com Holdings, Inc. will post $0.95 earnings per share for the current year.
Several research analysts have recently issued reports on the company. Roth Capital upped their price objective on Alarm.com Holdings from $43.50 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday. Maxim Group reissued a “buy” rating and issued a $44.00 target price on shares of Alarm.com Holdings in a report on Wednesday. Northland Securities set a $45.00 price objective on Alarm.com Holdings and gave the company a “buy” rating in a research note on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating and set a $46.00 price objective (up from $37.00) on shares of Alarm.com Holdings in a research note on Wednesday. Finally, Imperial Capital cut Alarm.com Holdings from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $40.00 to $45.00 in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $41.89.
Several institutional investors have recently bought and sold shares of ALRM. Quantbot Technologies LP bought a new position in Alarm.com Holdings during the first quarter valued at approximately $178,000. Airain ltd purchased a new position in Alarm.com Holdings during the first quarter worth $413,000. Trexquant Investment LP purchased a new position in Alarm.com Holdings during the first quarter worth $404,000. Parametric Portfolio Associates LLC raised its position in Alarm.com Holdings by 15.3% in the first quarter. Parametric Portfolio Associates LLC now owns 32,269 shares of the software maker’s stock worth $992,000 after buying an additional 4,276 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in Alarm.com Holdings during the first quarter worth $1,564,000. Institutional investors and hedge funds own 83.51% of the company’s stock.
Alarm.com Holdings Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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