Alarm.com Holdings, Inc. (NASDAQ:ALRM) CFO Sells 754 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) CFO Kevin Christopher Bradley sold 754 shares of Alarm.com stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $56.75, for a total transaction of $42,789.50. Following the completion of the transaction, the chief financial officer owned 53,056 shares of the company's stock, valued at $3,010,928. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Kevin Christopher Bradley also recently made the following trade(s):

• On Friday, May 16th, Kevin Christopher Bradley sold 390 shares of Alarm.com stock. The shares were sold at an average price of $59.51, for a total value of $23,208.90.

Alarm.com Trading Up 1.1%

ALRM traded up $0.64 during mid-day trading on Thursday, hitting $57.71. The stock had a trading volume of 163,488 shares, compared to its average volume of 377,322. The stock's fifty day simple moving average is $56.81 and its 200-day simple moving average is $58.11. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 3.05 and a beta of 0.99. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $71.98. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.14 and a quick ratio of 2.01.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ALRM shares. The Goldman Sachs Group decreased their price target on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Barclays lowered their price target on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Finally, Raymond James Financial cut their price objective on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alarm.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.33.

Institutional Trading of Alarm.com

Several hedge funds have recently bought and sold shares of ALRM. SBI Securities Co. Ltd. bought a new stake in shares of Alarm.com during the fourth quarter worth $25,000. C M Bidwell & Associates Ltd. acquired a new position in Alarm.com in the 4th quarter worth $36,000. Bessemer Group Inc. increased its holdings in Alarm.com by 304.6% during the 1st quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock worth $39,000 after purchasing an additional 533 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Alarm.com by 235.5% in the 1st quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock valued at $51,000 after purchasing an additional 643 shares during the period. Finally, Strs Ohio bought a new stake in shares of Alarm.com in the first quarter valued at about $56,000. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Company Profile

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.