Alarm.com (NASDAQ:ALRM) Hits New 52-Week Low – Here’s Why

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) hit a new 52-week low on Thursday . The stock traded as low as $44.81 and last traded at $45.3590, with a volume of 131860 shares changing hands. The stock had previously closed at $46.44.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ALRM shares. Zacks Research cut shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Barclays dropped their price target on shares of Alarm.com from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alarm.com in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.67.

Alarm.com Stock Performance

The company has a current ratio of 2.06, a quick ratio of 1.92 and a debt-to-equity ratio of 0.59. The firm’s fifty day moving average is $50.34 and its 200 day moving average is $52.19. The company has a market cap of $2.31 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.67 and a beta of 0.79.

Insider Activity at Alarm.com

In other news, insider Jeffrey A. Bedell sold 22,727 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $51.82, for a total value of $1,177,713.14. Following the completion of the sale, the insider directly owned 505,805 shares in the company, valued at $26,210,815.10. This represents a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen C. Evans sold 1,154 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $52.27, for a total transaction of $60,319.58. Following the transaction, the director directly owned 6,123 shares in the company, valued at approximately $320,049.21. The trade was a 15.86% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders bought 26,000 shares of company stock valued at $1,257,321 and sold 26,154 shares valued at $1,357,388. 5.80% of the stock is owned by corporate insiders.

Institutional Trading of Alarm.com

Several hedge funds have recently made changes to their positions in ALRM. Cresset Asset Management LLC purchased a new stake in Alarm.com during the second quarter worth about $2,263,000. AlphaQuest LLC purchased a new position in shares of Alarm.com in the third quarter valued at approximately $2,313,000. Hussman Strategic Advisors Inc. acquired a new position in shares of Alarm.com in the third quarter valued at approximately $2,229,000. Geode Capital Management LLC increased its stake in Alarm.com by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,202,312 shares of the software maker’s stock worth $68,024,000 after buying an additional 15,821 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in Alarm.com in the 2nd quarter valued at approximately $585,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

About Alarm.com

Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company’s interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.

Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.