Alarm.com (NASDAQ:ALRM) Stock: Insider Donald Clarke Sells 4,624 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRM) Director Donald Clarke sold 4,624 shares of the firm’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $64.94, for a total value of $300,282.56. Following the completion of the sale, the director owned 13,551 shares of the company’s stock, valued at approximately $880,001.94. This trade represents a 25.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Alarm.com Price Performance

Shares of ALRM stock traded up $0.13 during trading hours on Thursday, reaching $66.42. 407,811 shares of the company were exchanged, compared to its average volume of 474,056. The stock’s fifty day moving average is $58.45 and its two-hundred day moving average is $50.73. Alarm.com Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $69.39. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.83 and a quick ratio of 4.27. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 2.07 and a beta of 0.70.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, November 5th. The software maker reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.15. Alarm.com had a return on equity of 15.92% and a net margin of 10.79%. The firm had revenue of $279.44 million for the quarter, compared to analyst estimates of $265.82 million. During the same period last year, the company earned $0.76 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts forecast that Alarm.com Holdings, Inc. will post 2.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alarm.com

Hedge funds have recently made changes to their positions in the stock. Abel Hall LLC increased its position in shares of Alarm.com by 6.3% during the third quarter. Abel Hall LLC now owns 4,725 shares of the software maker’s stock worth $257,000 after buying an additional 281 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Alarm.com by 11.1% in the third quarter. Hantz Financial Services Inc. now owns 2,984 shares of the software maker’s stock worth $163,000 after purchasing an additional 299 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Alarm.com by 21.2% in the first quarter. Pacer Advisors Inc. now owns 2,312 shares of the software maker’s stock valued at $100,000 after purchasing an additional 404 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Alarm.com during the third quarter worth $32,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Alarm.com during the 2nd quarter worth $28,000. 91.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ALRM has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Alarm.com from $40.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, October 30th. William Blair reiterated a “market perform” rating on shares of Alarm.com in a report on Friday, November 6th. Wall Street Zen raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Sunday, August 16th. Barclays boosted their price objective on shares of Alarm.com from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, November 6th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $65.00 target price on shares of Alarm.com in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $61.67.

About Alarm.com

Alarm.com Holdings, Inc. develops cloud-based software and connected-device services for residential and commercial security, automation, and energy management. Its platform brings together devices such as security sensors, cameras, locks, thermostats, and access-control systems, which customers can manage through mobile and web applications. The company provides its technology primarily through a network of security and service providers. Its offerings include intrusion detection, video monitoring and analytics, smart-home automation, commercial security and access control, and tools for monitoring and managing energy use.