Alarm.com Holdings Inc. (NASDAQ:ALRM) VP Daniel Ramos sold 40,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $29.32, for a total value of $1,172,800.00. Following the completion of the transaction, the vice president now owns 211,364 shares of the company’s stock, valued at approximately $6,197,192.48. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Alarm.com Holdings Inc. (NASDAQ:ALRM) opened at 29.57 on Tuesday. Alarm.com Holdings Inc. has a 12 month low of $14.00 and a 12 month high of $34.43. The firm’s 50-day moving average is $29.46 and its 200 day moving average is $26.76. The firm has a market capitalization of $1.36 billion, a P/E ratio of 134.41 and a beta of 1.90.

Alarm.com Holdings (NASDAQ:ALRM) last announced its quarterly earnings data on Monday, November 14th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. Alarm.com Holdings had a net margin of 4.21% and a negative return on equity of 20.70%. The firm had revenue of $67.80 million for the quarter, compared to analyst estimates of $59.73 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. On average, equities research analysts anticipate that Alarm.com Holdings Inc. will post $0.59 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new stake in Alarm.com Holdings during the second quarter worth $165,000. Evanson Asset Management LLC acquired a new stake in Alarm.com Holdings during the second quarter worth $7,474,000. Bank of Montreal Can acquired a new stake in Alarm.com Holdings during the second quarter worth $2,648,000. Bank of New York Mellon Corp raised its stake in Alarm.com Holdings by 114.6% in the second quarter. Bank of New York Mellon Corp now owns 67,562 shares of the company’s stock worth $1,731,000 after buying an additional 36,074 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in Alarm.com Holdings by 25.4% in the second quarter. California State Teachers Retirement System now owns 21,631 shares of the company’s stock worth $554,000 after buying an additional 4,376 shares in the last quarter. Hedge funds and other institutional investors own 61.64% of the company’s stock.

A number of research firms recently commented on ALRM. Credit Suisse Group AG reiterated an “outperform” rating and set a $28.00 price target on shares of Alarm.com Holdings in a report on Monday, August 15th. Raymond James Financial Inc. cut Alarm.com Holdings from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 16th. Goldman Sachs Group Inc. lifted their price target on Alarm.com Holdings from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Imperial Capital lifted their price target on Alarm.com Holdings from $24.50 to $30.00 and gave the stock an “in-line” rating in a report on Tuesday, August 16th. Finally, Citigroup Inc. cut Alarm.com Holdings to a “market perform” rating in a report on Tuesday, August 16th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $29.28.

About Alarm.com Holdings

Alarm.com Holdings, Inc is a platform solution for the connected home. The Company, through its cloud-based services, makes connected home technology accessible to millions of home and business owners. The Company operates through two segments: Alarm.com and Other. The Company’s Alarm.com segment represents its cloud-based platform for the connected home and related connected home solutions.

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