Insider Selling: Alarm.com Holdings, Inc. (NASDAQ:ALRM) Director Sells 2,625 Shares of Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total transaction of $156,633.75. Following the completion of the sale, the director now directly owns 5,767 shares of the company’s stock, valued at approximately $344,116.89. This trade represents a 31.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Alarm.com Price Performance

NASDAQ ALRM opened at $60.20 on Thursday. The company has a market cap of $2.98 billion, a PE ratio of 26.06, a P/E/G ratio of 3.58 and a beta of 0.90. The firm’s 50 day moving average price is $55.40 and its 200-day moving average price is $60.99. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. Alarm.com Holdings, Inc. has a 52-week low of $51.87 and a 52-week high of $77.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Oakworth Capital Inc. bought a new position in Alarm.com in the third quarter worth about $38,000. Quarry LP raised its stake in shares of Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock worth $39,000 after acquiring an additional 525 shares in the last quarter. Huntington National Bank lifted its position in Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after acquiring an additional 367 shares during the last quarter. Point72 DIFC Ltd boosted its stake in Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after acquiring an additional 1,101 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Alarm.com in the second quarter worth $108,000. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays upped their price target on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Roth Mkm cut their price objective on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. The Goldman Sachs Group raised their target price on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. StockNews.com lowered shares of Alarm.com from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Alarm.com has an average rating of “Hold” and an average price target of $64.40.

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.