Alarm.com Holdings, Inc. (NASDAQ:ALRM) CFO Steve Valenzuela Sells 3,436 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRM) CFO Steve Valenzuela sold 3,436 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total value of $200,834.20. Following the sale, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,191,875. The trade was a 8.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alarm.com Stock Performance

Shares of Alarm.com stock opened at $58.49 on Friday. The business has a 50-day simple moving average of $60.68 and a 200 day simple moving average of $59.41. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 3.59 and a beta of 1.10. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $74.97.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The business had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. On average, research analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $64.40.

Institutional Trading of Alarm.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Alarm.com by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker’s stock valued at $383,091,000 after buying an additional 68,907 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in Alarm.com by 6.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock worth $157,168,000 after purchasing an additional 163,851 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Alarm.com by 1.5% in the fourth quarter. Northern Trust Corp now owns 704,309 shares of the software maker’s stock valued at $42,822,000 after acquiring an additional 10,674 shares in the last quarter. Burgundy Asset Management Ltd. bought a new position in Alarm.com in the 4th quarter valued at $42,490,000. Finally, Norges Bank purchased a new stake in Alarm.com during the fourth quarter worth about $34,841,000. 91.74% of the stock is owned by institutional investors.

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.