Alarm.com Holdings, Inc. (NASDAQ:ALRM) Insider Daniel Ramos Sells 1,762 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Daniel Ramos sold 1,762 shares of the firm’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 $99,834.92. Following the transaction, the insider now owns 49,192 shares of the company’s stock, valued at approximately $2,787,218.72. The trade was a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, May 27th, Daniel Ramos sold 7,000 shares of Alarm.com stock. The stock was sold at an average price of $57.68, for a total transaction of $403,760.00.
• 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.
• On Wednesday, May 14th, Daniel Ramos sold 6,890 shares of Alarm.com stock. The shares were sold at an average price of $60.06, for a total transaction of $413,813.40.

Alarm.com Stock Performance

ALRM opened at $57.73 on Wednesday. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The company’s fifty day moving average price is $54.51 and its two-hundred day moving average price is $59.28. Alarm.com Holdings, Inc. has a 1-year low of $48.23 and a 1-year high of $71.98. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 3.59 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Alarm.com by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker’s stock worth $383,091,000 after buying an additional 68,907 shares during the last quarter. Geneva Capital Management LLC raised its holdings in Alarm.com by 0.9% during the first quarter. Geneva Capital Management LLC now owns 1,310,216 shares of the software maker’s stock worth $72,913,000 after buying an additional 12,198 shares during the last quarter. Burgundy Asset Management Ltd. raised its holdings in Alarm.com by 26.3% during the first quarter. Burgundy Asset Management Ltd. now owns 882,351 shares of the software maker’s stock worth $49,103,000 after buying an additional 183,503 shares during the last quarter. Northern Trust Corp raised its holdings in Alarm.com by 1.5% during the fourth quarter. Northern Trust Corp now owns 704,309 shares of the software maker’s stock worth $42,822,000 after buying an additional 10,674 shares during the last quarter. Finally, Norges Bank acquired a new position in Alarm.com during the fourth quarter worth $34,841,000. Institutional investors and hedge funds own 91.74% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ALRM shares. Raymond James dropped 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 research report on Friday, May 9th. Barclays dropped 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 research report on Monday, April 14th. Finally, 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 report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.