Daniel Ramos Sells 6,890 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Daniel Ramos sold 6,890 shares of the business’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $60.06, for a total transaction of $413,813.40. Following the sale, the insider now directly owns 38,600 shares of the company’s stock, valued at approximately $2,318,316. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 transaction of $97,953.46.

Alarm.com Stock Performance

Shares of ALRM opened at $59.64 on Friday. The stock has a 50 day moving average of $54.62 and a 200 day moving average of $59.22. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 26.04, a PEG 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 current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $242.24 million for the quarter, compared to analysts’ expectations of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. As a group, sell-side analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Institutional Trading of Alarm.com

Large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in Alarm.com in the fourth quarter valued at about $25,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Alarm.com during the 4th quarter worth approximately $36,000. Bessemer Group Inc. raised its holdings in shares of Alarm.com by 304.6% in the 1st 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 lifted its stake in 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 during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after purchasing an additional 539 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ALRM. Raymond James decreased their price objective on 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 decreased their price target on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Finally, The Goldman Sachs Group dropped their price objective on Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. 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’s stock. According to MarketBeat.com, Alarm.com currently 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.