Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Free Report) CFO Kevin Christopher Bradley sold 2,200 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $46.15, for a total value of $101,530.00. Following the sale, the chief financial officer owned 84,346 shares of the company’s stock, valued at approximately $3,892,567.90. The trade was a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Kevin Christopher Bradley also recently made the following trade(s):
- On Wednesday, March 18th, Kevin Christopher Bradley sold 1,510 shares of Alarm.com stock. The shares were sold at an average price of $45.97, for a total value of $69,414.70.
Alarm.com Stock Performance
NASDAQ:ALRM opened at $46.65 on Friday. The stock has a fifty day moving average price of $44.67 and a 200-day moving average price of $47.52. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.56 and a beta of 0.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.55 and a current ratio of 5.16. Alarm.com Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $59.53.
Hedge Funds Weigh In On Alarm.com
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Alarm.com by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,286,541 shares of the software maker’s stock worth $320,739,000 after purchasing an additional 53,664 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in Alarm.com by 3.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 3,491,824 shares of the software maker’s stock worth $197,532,000 after purchasing an additional 102,481 shares in the last quarter. Bank of Montreal Can increased its holdings in Alarm.com by 625.1% in the 4th quarter. Bank of Montreal Can now owns 2,231,227 shares of the software maker’s stock worth $113,837,000 after purchasing an additional 1,923,525 shares in the last quarter. Geode Capital Management LLC increased its holdings in Alarm.com by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,219,732 shares of the software maker’s stock worth $62,239,000 after purchasing an additional 7,454 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Alarm.com by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,117,359 shares of the software maker’s stock valued at $48,257,000 after buying an additional 11,624 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.
Analyst Upgrades and Downgrades
ALRM has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a report on Friday, April 24th. JPMorgan Chase & Co. lowered their price target on Alarm.com from $55.00 to $40.00 and set an “underweight” rating for the company in a report on Wednesday, February 18th. Barclays boosted their price target on Alarm.com from $50.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Zacks Research cut Alarm.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Finally, Wall Street Zen raised Alarm.com from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $47.50.
Check Out Our Latest Report on Alarm.com
Alarm.com Company Profile
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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