Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Free Report) insider Daniel Ramos sold 2,532 shares of Alarm.com stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $43.78, for a total transaction of $110,850.96. Following the completion of the transaction, the insider directly owned 63,099 shares of the company’s stock, valued at $2,762,474.22. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Daniel Ramos also recently made the following trade(s):
- On Monday, May 18th, Daniel Ramos sold 1,561 shares of Alarm.com stock. The stock was sold at an average price of $43.56, for a total transaction of $67,997.16.
Alarm.com Stock Up 0.5%
Alarm.com stock traded up $0.20 during trading hours on Thursday, hitting $44.10. The stock had a trading volume of 395,163 shares, compared to its average volume of 455,728. The company has a quick ratio of 4.55, a current ratio of 5.16 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $2.18 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 1.54 and a beta of 0.79. Alarm.com Holdings, Inc. has a 12-month low of $41.49 and a 12-month high of $59.98. The stock’s 50-day moving average price is $44.33 and its 200-day moving average price is $47.84.
Institutional Trading of Alarm.com
Institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. acquired a new stake in Alarm.com in the 3rd quarter worth approximately $25,000. Strengthening Families & Communities LLC purchased a new position in Alarm.com during the 3rd quarter worth approximately $27,000. Covestor Ltd raised its position in Alarm.com by 67.3% during the 4th quarter. Covestor Ltd now owns 691 shares of the software maker’s stock worth $35,000 after buying an additional 278 shares during the last quarter. Hantz Financial Services Inc. raised its position in Alarm.com by 2,637.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock worth $42,000 after buying an additional 765 shares during the last quarter. Finally, Financial Management Professionals Inc. purchased a new position in Alarm.com during the 4th quarter worth approximately $47,000. 91.74% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently weighed in on ALRM shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a report on Friday, April 24th. Barclays upped their target price on shares of Alarm.com from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. decreased their price target on shares of Alarm.com from $55.00 to $40.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 18th. Finally, Zacks Research cut shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $47.50.
Read Our Latest Stock Report on Alarm.com
About Alarm.com
Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company’s interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.
Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.
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