Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Free Report) insider Daniel Kerzner sold 3,944 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $43.78, for a total value of $172,668.32. Following the transaction, the insider owned 101,141 shares of the company’s stock, valued at $4,427,952.98. This represents a 3.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Daniel Kerzner also recently made the following trade(s):
- On Monday, May 18th, Daniel Kerzner sold 1,915 shares of Alarm.com stock. The shares were sold at an average price of $43.56, for a total value of $83,417.40.
Alarm.com Stock Performance
NASDAQ:ALRM traded up $0.20 during midday trading on Thursday, reaching $44.10. 395,163 shares of the company traded hands, compared to its average volume of 455,728. Alarm.com Holdings, Inc. has a twelve month low of $41.49 and a twelve month high of $59.98. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.54 and a beta of 0.79. The company has a debt-to-equity ratio of 0.57, a current ratio of 5.16 and a quick ratio of 4.55. The company has a fifty day moving average price of $44.33 and a 200 day moving average price of $47.84.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Centaurus Financial Inc. boosted its stake in Alarm.com by 1.0% during the first quarter. Centaurus Financial Inc. now owns 271,841 shares of the software maker’s stock valued at $11,741,000 after buying an additional 2,782 shares in the last quarter. California State Teachers Retirement System boosted its stake in Alarm.com by 30.5% during the first quarter. California State Teachers Retirement System now owns 58,939 shares of the software maker’s stock valued at $2,546,000 after buying an additional 13,761 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Alarm.com by 111.1% during the first quarter. Quantinno Capital Management LP now owns 19,705 shares of the software maker’s stock valued at $851,000 after buying an additional 10,370 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Alarm.com by 7.7% during the first quarter. Public Employees Retirement System of Ohio now owns 82,836 shares of the software maker’s stock valued at $3,578,000 after buying an additional 5,929 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Alarm.com by 43.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 779,200 shares of the software maker’s stock valued at $33,654,000 after buying an additional 237,633 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on ALRM shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alarm.com in a research note on Friday, April 24th. JPMorgan Chase & Co. cut their target price on Alarm.com from $55.00 to $40.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 18th. Barclays lifted their target price on Alarm.com from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Finally, Zacks Research downgraded Alarm.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $47.50.
Read Our Latest Stock Report on ALRM
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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