Insider Selling: Alarm.com Holdings, Inc. (NASDAQ:ALRM) Insider Sells $120,150.69 in Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Daniel Kerzner sold 2,019 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $59.51, for a total value of $120,150.69. Following the transaction, the insider now directly owns 56,717 shares of the company’s stock, valued at $3,375,228.67. This represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, April 2nd, Daniel Kerzner sold 932 shares of Alarm.com stock. The stock was sold at an average price of $55.49, for a total value of $51,716.68.

Alarm.com Stock Performance

Shares of NASDAQ ALRM opened at $59.64 on Monday. The stock has a 50 day moving average price of $54.62 and a 200 day moving average price of $59.26. Alarm.com Holdings, Inc. has a 52 week low of $48.23 and a 52 week high of $71.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The stock has a market capitalization of $2.97 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $237.44 million. Analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Institutional Trading of Alarm.com

Hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in shares of Alarm.com in the fourth quarter valued at approximately $25,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Alarm.com in the fourth quarter valued at approximately $36,000. Bessemer Group Inc. lifted its position in shares of Alarm.com by 304.6% in the first quarter. Bessemer Group Inc. now owns 708 shares of the software maker’s stock valued at $39,000 after buying an additional 533 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Alarm.com by 235.5% in the first quarter. Larson Financial Group LLC now owns 916 shares of the software maker’s stock valued at $51,000 after buying an additional 643 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Alarm.com by 134.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after buying an additional 539 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on ALRM. The Goldman Sachs Group reduced their price objective on Alarm.com from $66.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Barclays reduced their price objective on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Finally, Raymond James reduced their price target on Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating for the company in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.33.

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.