Alarm.com Holdings, Inc. (NASDAQ:ALRM) Insider Sells $51,716.68 in Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Daniel Kerzner sold 932 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the sale, the insider now directly owns 58,736 shares in the company, valued at approximately $3,259,260.64. This represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Alarm.com Stock Down 3.0 %

NASDAQ:ALRM opened at $50.93 on Friday. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. The stock has a fifty day simple moving average of $59.33 and a 200-day simple moving average of $59.40. Alarm.com Holdings, Inc. has a twelve month low of $50.44 and a twelve 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 issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The company had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. Analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $64.40.

Hedge Funds Weigh In On Alarm.com

Large investors have recently made changes to their positions in the business. FMR LLC increased its position in Alarm.com by 129.0% during the 3rd quarter. FMR LLC now owns 153,865 shares of the software maker’s stock valued at $8,412,000 after buying an additional 86,683 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Alarm.com by 6.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,042 shares of the software maker’s stock valued at $604,000 after purchasing an additional 649 shares during the last quarter. Holocene Advisors LP boosted its stake in Alarm.com by 108.1% in the 3rd quarter. Holocene Advisors LP now owns 58,529 shares of the software maker’s stock worth $3,200,000 after purchasing an additional 30,404 shares in the last quarter. Point72 DIFC Ltd grew its position in Alarm.com by 96.3% during the 3rd quarter. Point72 DIFC Ltd now owns 2,897 shares of the software maker’s stock worth $158,000 after purchasing an additional 1,421 shares during the last quarter. Finally, Quarry LP increased its stake in Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after purchasing an additional 525 shares in the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

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.