Alarm.com Holdings, Inc. (NASDAQ:ALRM) Insider Sells $99,834.92 in Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) insider Daniel Ramos sold 1,762 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total transaction of $99,834.92. Following the transaction, the insider now directly owns 49,192 shares in the company, valued at $2,787,218.72. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Daniel Ramos also recently made the following trade(s):

• On Tuesday, May 27th, Daniel Ramos sold 7,000 shares of Alarm.com stock. The stock was sold at an average price of $57.68, for a total value of $403,760.00.
• On Friday, May 16th, Daniel Ramos sold 1,646 shares of Alarm.com stock. The shares were sold at an average price of $59.51, for a total value of $97,953.46.
• On Wednesday, May 14th, Daniel Ramos sold 6,890 shares of Alarm.com stock. The shares were sold at an average price of $60.06, for a total value of $413,813.40.

Alarm.com Price Performance

Shares of Alarm.com stock traded down $0.18 during trading on Friday, reaching $57.40. The company's stock had a trading volume of 309,346 shares, compared to its average volume of 408,672. The stock has a 50-day moving average price of $54.53 and a two-hundred day moving average price of $59.24. The stock has a market capitalization of $2.86 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $71.98.

Analyst Ratings Changes

Several analysts recently issued reports on ALRM shares. Raymond James decreased their price objective on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a report on Friday, May 9th. Barclays cut their price objective 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, The Goldman Sachs Group cut their price target on Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Alarm.com presently has an average rating of "Moderate Buy" and an average price target of $64.33.

Hedge Funds Weigh In On Alarm.com

A number of institutional investors have recently modified their holdings of ALRM. Principal Financial Group Inc. increased its holdings in shares of Alarm.com by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker's stock valued at $16,130,000 after purchasing an additional 11,531 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Alarm.com in the 4th quarter valued at $259,000. KBC Group NV raised its position in shares of Alarm.com by 47.9% during the fourth quarter. KBC Group NV now owns 1,920 shares of the software maker's stock worth $117,000 after acquiring an additional 622 shares during the last quarter. Barclays PLC increased its position in Alarm.com by 323.2% in the third quarter. Barclays PLC now owns 91,402 shares of the software maker's stock worth $4,997,000 after purchasing an additional 69,804 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock worth $57,000 after purchasing an additional 539 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

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.