Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Free Report) CFO Kevin Christopher Bradley sold 2,200 shares of Alarm.com stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $46.15, for a total value of $101,530.00. Following the transaction, the chief financial officer directly owned 84,346 shares in the company, valued at approximately $3,892,567.90. This trade represents a 2.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Kevin Christopher Bradley also recently made the following trade(s):
- On Wednesday, March 18th, Kevin Christopher Bradley sold 1,510 shares of Alarm.com stock. The stock was sold at an average price of $45.97, for a total value of $69,414.70.
Alarm.com Stock Performance
Shares of ALRM stock opened at $46.65 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 5.16 and a quick ratio of 4.55. Alarm.com Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $59.53. The stock’s 50-day moving average is $44.67 and its two-hundred day moving average is $47.48. The firm has a market cap of $2.31 billion, a P/E ratio of 19.36, a PEG ratio of 1.56 and a beta of 0.79.
Institutional Trading of Alarm.com
Several hedge funds have recently added to or reduced their stakes in ALRM. Optiver Holding B.V. bought a new stake in Alarm.com during the 3rd quarter valued at approximately $25,000. Covestor Ltd boosted its stake in Alarm.com by 67.3% during the 4th quarter. Covestor Ltd now owns 691 shares of the software maker’s stock valued at $35,000 after purchasing an additional 278 shares during the period. Hantz Financial Services Inc. boosted its stake in Alarm.com by 2,637.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock valued at $42,000 after purchasing an additional 765 shares during the period. Financial Management Professionals Inc. bought a new stake in Alarm.com during the 4th quarter valued at approximately $47,000. Finally, Strs Ohio bought a new stake in Alarm.com during the 1st quarter valued at approximately $56,000. Institutional investors own 91.74% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on ALRM shares. JPMorgan Chase & Co. lowered their price objective on Alarm.com from $55.00 to $40.00 and set an “underweight” rating on the stock in a report on Wednesday, February 18th. Zacks Research lowered Alarm.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a report on Friday, April 24th. Barclays increased their price objective on Alarm.com from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Wall Street Zen raised Alarm.com from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $47.50.
Get Our Latest Stock Analysis on ALRM
Alarm.com Company Profile
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.
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