Alarm.com Holdings, Inc. (NASDAQ:ALRM) CFO Steve Valenzuela Sells 3,436 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) CFO Steve Valenzuela sold 3,436 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the transaction, the chief financial officer now owns 37,500 shares of the company's stock, valued at $2,191,875. The trade was a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alarm.com Price Performance

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NASDAQ ALRM traded up $0.47 during trading on Friday, hitting $58.49. 501,524 shares of the stock traded hands, compared to its average volume of 381,234. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $74.97. The firm has a 50-day simple moving average of $60.72 and a 200-day simple moving average of $59.42. The company has a market capitalization of $2.90 billion, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 3.59 and a beta of 1.10.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The business had revenue of $242.24 million during the quarter, compared to analysts' expectations of $237.44 million. As a group, analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $64.40.

Check Out Our Latest Research Report on Alarm.com

Institutional Trading of Alarm.com

A number of large investors have recently made changes to their positions in ALRM. Summit Investment Advisors Inc. lifted its holdings in shares of Alarm.com by 3.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker's stock valued at $301,000 after acquiring an additional 172 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Alarm.com by 8.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker's stock valued at $162,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Alarm.com by 29.5% in the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock worth $64,000 after purchasing an additional 238 shares during the period. Nicolet Advisory Services LLC boosted its holdings in shares of Alarm.com by 6.0% in the 3rd quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker's stock worth $250,000 after purchasing an additional 272 shares during the period. Finally, MetLife Investment Management LLC increased its position in shares of Alarm.com by 1.0% during the 4th quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker's stock valued at $1,710,000 after purchasing an additional 281 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Company Profile

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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