Alarm.com Holdings, Inc. (NASDAQ:ALRM) Insider Sells $120,150.69 in Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Jeffrey A. Bedell sold 2,019 shares of Alarm.com stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $59.51, for a total transaction of $120,150.69. Following the completion of the sale, the insider now directly owns 490,509 shares in the company, valued at $29,190,190.59. This trade represents a 0.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Alarm.com Trading Up 1.6%

Alarm.com stock opened at $59.64 on Friday. The stock has a market cap of $2.97 billion, a P/E ratio of 26.04, a PEG ratio of 3.59 and a beta of 1.02. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $71.98. The firm’s fifty day moving average price is $54.62 and its 200-day moving average price is $59.22. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). The firm had revenue of $242.24 million during the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Equities research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ALRM shares. The Goldman Sachs Group lowered their target price on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Raymond James lowered their target price 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. Finally, Barclays lowered their target price on shares of Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. One equities research 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 data from MarketBeat, Alarm.com has an average rating of “Moderate Buy” and an average target price of $64.33.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ALRM. SBI Securities Co. Ltd. bought a new position in shares of Alarm.com in the fourth quarter worth $25,000. C M Bidwell & Associates Ltd. bought a new position in shares of Alarm.com in the fourth quarter worth $36,000. Bessemer Group Inc. increased its holdings 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 during the period. Larson Financial Group LLC increased 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 worth $51,000 after purchasing an additional 643 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Alarm.com by 134.8% in 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 own 91.74% of the company’s stock.

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.