Alarm.com Holdings, Inc. (NASDAQ:ALRM) CEO Stephen Trundle Sells 3,644 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) CEO Stephen Trundle sold 3,644 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $56.66, for a total value of $206,469.04. Following the completion of the sale, the chief executive officer now owns 268,859 shares of the company's stock, valued at $15,233,550.94. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stephen Trundle also recently made the following trade(s):

• On Friday, May 16th, Stephen Trundle sold 3,626 shares of Alarm.com stock. The shares were sold at an average price of $59.51, for a total transaction of $215,783.26.
• On Wednesday, April 2nd, Stephen Trundle sold 1,553 shares of Alarm.com stock. The stock was sold at an average price of $55.49, for a total transaction of $86,175.97.

Alarm.com Trading Down 0.3%

Shares of NASDAQ:ALRM traded down $0.18 during mid-day trading on Friday, reaching $57.40. 309,346 shares of the company were exchanged, compared to its average volume of 408,672. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 3.59 and a beta of 1.02. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. Alarm.com Holdings, Inc. has a 1 year low of $48.23 and a 1 year high of $71.98. The firm's 50-day simple moving average is $54.53 and its 200 day simple moving average is $59.24.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

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

About Alarm.com

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.