Alarm.com (NASDAQ:ALRM) Insider Jeffrey Bedell Sells 22,727 Shares of Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Jeffrey Bedell sold 22,727 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $51.82, for a total transaction of $1,177,713.14. Following the transaction, the insider directly owned 505,805 shares in the company, valued at $26,210,815.10. The trade was a 4.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Alarm.com Trading Up 1.2%

Shares of NASDAQ ALRM opened at $53.12 on Friday. The company has a quick ratio of 1.92, a current ratio of 2.06 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average price is $50.73 and its two-hundred day moving average price is $54.13. Alarm.com Holdings, Inc. has a 52-week low of $46.65 and a 52-week high of $65.76. The stock has a market capitalization of $2.65 billion, a P/E ratio of 22.51, a PEG ratio of 2.00 and a beta of 0.89.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, November 6th. The software maker reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.14. The business had revenue of $256.40 million for the quarter, compared to analyst estimates of $251.14 million. Alarm.com had a return on equity of 14.26% and a net margin of 12.92%.The business’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 EPS. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. On average, analysts anticipate 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 added to or reduced their stakes in the business. Tudor Investment Corp ET AL boosted its position in Alarm.com by 22.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 188,947 shares of the software maker’s stock worth $10,029,000 after acquiring an additional 35,024 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in Alarm.com in the third quarter worth about $270,000. Centaurus Financial Inc. grew its position in Alarm.com by 0.9% in the 3rd quarter. Centaurus Financial Inc. now owns 263,224 shares of the software maker’s stock valued at $13,972,000 after buying an additional 2,343 shares in the last quarter. Woodline Partners LP bought a new position in Alarm.com in the 3rd quarter valued at about $749,000. Finally, Public Employees Retirement System of Ohio increased its stake in Alarm.com by 33.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 76,891 shares of the software maker’s stock valued at $4,081,000 after buying an additional 19,268 shares during the period. Institutional investors own 91.74% of the company’s stock.

Analyst Upgrades and Downgrades

ALRM has been the subject of a number of recent research reports. Barclays lowered their price objective on shares of 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alarm.com in a report on Thursday, October 30th. Finally, Zacks Research raised Alarm.com from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat, Alarm.com has a consensus rating of “Moderate Buy” and an average price target of $64.67.

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.