Alarm.com Holdings, Inc. (NASDAQ:ALRM) CFO Sells $120,120.00 in Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRMGet Free Report) CFO Steve Valenzuela sold 1,716 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $120,120.00. Following the completion of the transaction, the chief financial officer now owns 35,784 shares in the company, valued at approximately $2,504,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Steve Valenzuela also recently made the following trade(s):

  • On Thursday, March 7th, Steve Valenzuela sold 832 shares of Alarm.com stock. The stock was sold at an average price of $74.58, for a total value of $62,050.56.
  • On Thursday, February 29th, Steve Valenzuela sold 7,083 shares of Alarm.com stock. The shares were sold at an average price of $75.34, for a total value of $533,633.22.
  • On Tuesday, February 27th, Steve Valenzuela sold 9,583 shares of Alarm.com stock. The shares were sold at an average price of $73.89, for a total value of $708,087.87.

Alarm.com Stock Performance

Shares of ALRM stock opened at $70.52 on Thursday. Alarm.com Holdings, Inc. has a 12-month low of $44.92 and a 12-month high of $77.29. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 46.09, a price-to-earnings-growth ratio of 4.04 and a beta of 0.94. The business has a 50 day simple moving average of $70.16 and a 200 day simple moving average of $62.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.46 and a quick ratio of 4.91.

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). The firm had revenue of $226.20 million for the quarter, compared to the consensus estimate of $224.93 million. Alarm.com had a net margin of 9.19% and a return on equity of 11.61%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 earnings per share. On average, equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.39 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on Alarm.com

Institutional Investors Weigh In On Alarm.com

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. lifted its position in shares of Alarm.com by 1.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,121 shares of the software maker’s stock valued at $1,047,000 after acquiring an additional 188 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Alarm.com by 4.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,088 shares of the software maker’s stock valued at $329,000 after purchasing an additional 217 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Alarm.com by 4.2% in the fourth quarter. QRG Capital Management Inc. now owns 5,681 shares of the software maker’s stock valued at $367,000 after purchasing an additional 229 shares in the last quarter. United Capital Financial Advisers LLC lifted its holdings in shares of Alarm.com by 3.0% in the first quarter. United Capital Financial Advisers LLC now owns 8,065 shares of the software maker’s stock valued at $536,000 after purchasing an additional 232 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Alarm.com by 1.8% in the third quarter. Arizona State Retirement System now owns 13,481 shares of the software maker’s stock valued at $824,000 after purchasing an additional 238 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

About Alarm.com

(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.

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