Alarm.com Holdings, Inc. (NASDAQ:ALRM) CEO Stephen Trundle Sells 3,217 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRMGet Free Report) CEO Stephen Trundle sold 3,217 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $225,190.00. Following the sale, the chief executive officer now owns 234,449 shares of the company’s stock, valued at approximately $16,411,430. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Stephen Trundle also recently made the following trade(s):

  • On Friday, February 23rd, Stephen Trundle sold 50,000 shares of Alarm.com stock. The stock was sold at an average price of $73.80, for a total value of $3,690,000.00.

Alarm.com Price Performance

Shares of ALRM stock opened at $70.52 on Thursday. Alarm.com Holdings, Inc. has a 52-week low of $44.92 and a 52-week high of $77.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.91 and a current ratio of 5.46. The firm has a market capitalization of $3.52 billion, a P/E ratio of 46.09, a P/E/G ratio of 4.04 and a beta of 0.94. The stock has a 50 day moving average price of $70.16 and a 200 day moving average price of $62.70.

Alarm.com (NASDAQ:ALRMGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. The business had revenue of $226.20 million for the quarter, compared to the consensus estimate of $224.93 million. During the same period in the prior year, the business posted $0.33 earnings per share. Alarm.com’s revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts predict that Alarm.com Holdings, Inc. will post 1.39 earnings per share for the current year.

Institutional Investors Weigh In On Alarm.com

A number of institutional investors and hedge funds have recently bought and sold shares of ALRM. HighTower Advisors LLC raised its position in Alarm.com by 5.8% during the 1st quarter. HighTower Advisors LLC now owns 14,646 shares of the software maker’s stock valued at $975,000 after purchasing an additional 800 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Alarm.com by 53.5% in the 1st quarter. MetLife Investment Management LLC now owns 25,138 shares of the software maker’s stock valued at $1,671,000 after acquiring an additional 8,765 shares during the period. Rhumbline Advisers increased its holdings in shares of Alarm.com by 5.8% in the 1st quarter. Rhumbline Advisers now owns 114,173 shares of the software maker’s stock valued at $7,588,000 after acquiring an additional 6,295 shares during the period. Yousif Capital Management LLC increased its holdings in shares of Alarm.com by 1.3% in the 1st quarter. Yousif Capital Management LLC now owns 41,740 shares of the software maker’s stock valued at $2,774,000 after acquiring an additional 540 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Alarm.com by 44.0% in the 1st quarter. Mackenzie Financial Corp now owns 3,738 shares of the software maker’s stock valued at $248,000 after acquiring an additional 1,143 shares during the period. 91.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ALRM. Barclays increased their target price on Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Roth Mkm raised their price target on Alarm.com from $67.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. raised their price target on Alarm.com from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. StockNews.com upgraded Alarm.com from a “buy” rating to a “strong-buy” rating in a report on Friday, March 15th. Finally, TheStreet upgraded Alarm.com from a “c+” rating to a “b-” rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $68.83.

View Our Latest Report on ALRM

Alarm.com Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Alarm.com (NASDAQ:ALRM)

Receive News & Ratings for Alarm.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alarm.com and related companies with MarketBeat.com's FREE daily email newsletter.