Alarm.com Holdings, Inc. (NASDAQ:ALRM) Insider Sells $124,878.64 in Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) insider Jeffrey A. Bedell sold 2,204 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $56.66, for a total transaction of $124,878.64. Following the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Alarm.com Trading Down 0.3%

Alarm.com stock traded down $0.18 during midday trading on Friday, reaching $57.40. The stock had a trading volume of 309,346 shares, compared to its average volume of 408,672. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $71.98. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 3.59 and a beta of 1.02. The firm's fifty day simple moving average is $54.53 and its two-hundred day simple moving average is $59.24.

Institutional Trading of Alarm.com

Several hedge funds and other institutional investors have recently modified their holdings of ALRM. SBI Securities Co. Ltd. acquired a new position in Alarm.com during the fourth quarter valued at $25,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Alarm.com in the 4th quarter valued at about $36,000. Bessemer Group Inc. lifted its position 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 worth $39,000 after purchasing an additional 533 shares in the last quarter. Larson Financial Group LLC lifted its position 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 worth $51,000 after purchasing an additional 643 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Alarm.com by 134.8% during the fourth 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 period. Institutional investors and hedge funds own 91.74% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ALRM. Barclays decreased 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 report on Monday, April 14th. Raymond James decreased their target price on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a research report on Friday, May 9th. Finally, The Goldman Sachs Group dropped their price target on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. One investment 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.