Daniel Kerzner Sells 10,000 Shares of Alarm.com (NASDAQ:ALRM) Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Daniel Kerzner sold 10,000 shares of Alarm.com stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $50.33, for a total transaction of $503,300.00. Following the completion of the sale, the insider directly owned 52,000 shares in the company, valued at $2,617,160. This represents a 16.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, November 12th, Daniel Kerzner sold 20,004 shares of Alarm.com stock. The shares were sold at an average price of $50.29, for a total transaction of $1,006,001.16.

Alarm.com Price Performance

Shares of ALRM stock traded down $0.11 on Friday, reaching $50.30. 294,458 shares of the company were exchanged, compared to its average volume of 360,689. Alarm.com Holdings, Inc. has a 1 year low of $46.65 and a 1 year high of $70.06. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.92 and a current ratio of 2.06. The business has a 50-day moving average price of $52.03 and a 200 day moving average price of $55.02. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 2.08 and a beta of 1.06.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, November 6th. The software maker reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.14. Alarm.com had a return on equity of 14.26% and a net margin of 12.92%.The business had revenue of $256.40 million for the quarter, compared to the consensus estimate of $251.14 million. During the same quarter last year, the business posted $0.62 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. Equities research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Institutional Trading of Alarm.com

Several hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. acquired a new position in shares of Alarm.com in the 3rd quarter valued at $25,000. Strengthening Families & Communities LLC purchased a new stake in Alarm.com in the third quarter valued at $27,000. Hantz Financial Services Inc. boosted its stake in Alarm.com by 2,637.9% in the third quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock valued at $42,000 after acquiring an additional 765 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Alarm.com during the second quarter worth about $43,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Alarm.com during the third quarter worth about $46,000. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ALRM shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a research note on Thursday, October 30th. Barclays lowered their price objective on Alarm.com from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Finally, Zacks Research lowered shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $64.67.

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.