Insider Selling: Alarm.com Holdings, Inc. (NASDAQ:ALRM) Insider Sells 2,204 Shares of Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) insider Jeffrey A. Bedell sold 2,204 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $56.66, for a total value of $124,878.64. Following the sale, the insider now directly owns 505,805 shares of the company's stock, valued at approximately $28,658,911.30. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alarm.com Stock Performance

Alarm.com stock traded down $0.15 during midday trading on Friday, reaching $57.43. The stock had a trading volume of 316,572 shares, compared to its average volume of 406,721. The firm has a market capitalization of $2.86 billion, a PE ratio of 25.08, a P/E/G ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a 12 month low of $48.23 and a 12 month high of $71.98. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The firm's 50-day moving average price is $54.52 and its 200 day moving average price is $59.20.

Hedge Funds Weigh In On Alarm.com

Large investors have recently modified their holdings of the business. Summit Investment Advisors Inc. lifted its stake in shares of Alarm.com by 3.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker's stock valued at $301,000 after buying an additional 172 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Alarm.com by 8.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker's stock worth $162,000 after acquiring an additional 200 shares during the period. KBC Group NV boosted its holdings in shares of Alarm.com by 10.8% in the first quarter. KBC Group NV now owns 2,128 shares of the software maker's stock worth $118,000 after acquiring an additional 208 shares during the period. Avantax Advisory Services Inc. grew its position in shares of Alarm.com by 1.7% in the first quarter. Avantax Advisory Services Inc. now owns 13,865 shares of the software maker's stock valued at $772,000 after purchasing an additional 232 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Alarm.com by 1.0% during the 4th quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker's stock valued at $1,710,000 after purchasing an additional 281 shares during the period. Hedge funds and other institutional investors own 91.74% of the company's stock.

Wall Street Analyst Weigh In

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

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.