Alarm.com Holdings, Inc. (NASDAQ:ALRM) CFO Steve Valenzuela Sells 874 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRMGet Rating) CFO Steve Valenzuela sold 874 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $57.80, for a total value of $50,517.20. Following the sale, the chief financial officer now owns 43,129 shares in the company, valued at $2,492,856.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Steve Valenzuela also recently made the following trade(s):

  • On Monday, April 4th, Steve Valenzuela sold 1,536 shares of Alarm.com stock. The shares were sold at an average price of $67.84, for a total value of $104,202.24.

Alarm.com stock opened at $59.78 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 7.46 and a current ratio of 8.27. The firm has a market cap of $2.99 billion, a P/E ratio of 66.42, a P/E/G ratio of 3.48 and a beta of 1.21. The business’s fifty day moving average is $62.54 and its two-hundred day moving average is $72.19. Alarm.com Holdings, Inc. has a 52 week low of $54.99 and a 52 week high of $94.45.

Alarm.com (NASDAQ:ALRMGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The software maker reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. Alarm.com had a return on equity of 11.71% and a net margin of 5.95%. The business had revenue of $205.40 million for the quarter, compared to analyst estimates of $192.02 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, equities research analysts predict that Alarm.com Holdings, Inc. will post 1.14 earnings per share for the current year.

A number of analysts have recently issued reports on the company. Bank of America assumed coverage on Alarm.com in a research report on Wednesday, April 20th. They set a “buy” rating and a $75.00 price objective on the stock. Zacks Investment Research lowered Alarm.com from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Barclays decreased their price target on Alarm.com from $70.00 to $63.00 in a research note on Monday, May 9th. TheStreet lowered Alarm.com from a “b-” rating to a “c” rating in a research note on Thursday, March 10th. Finally, StockNews.com lowered Alarm.com from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $89.67.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Alarm.com by 1.4% during the fourth quarter. BlackRock Inc. now owns 7,661,269 shares of the software maker’s stock valued at $649,751,000 after acquiring an additional 109,416 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Alarm.com by 7.6% during the fourth quarter. William Blair Investment Management LLC now owns 2,875,745 shares of the software maker’s stock valued at $243,892,000 after acquiring an additional 202,964 shares during the period. Riverbridge Partners LLC increased its holdings in Alarm.com by 6.0% in the first quarter. Riverbridge Partners LLC now owns 2,033,529 shares of the software maker’s stock valued at $135,148,000 after purchasing an additional 115,606 shares during the last quarter. Geneva Capital Management LLC increased its holdings in Alarm.com by 6.1% in the fourth quarter. Geneva Capital Management LLC now owns 1,254,170 shares of the software maker’s stock valued at $106,366,000 after purchasing an additional 72,459 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN increased its holdings in Alarm.com by 1.6% in the first quarter. Disciplined Growth Investors Inc. MN now owns 1,190,518 shares of the software maker’s stock valued at $79,122,000 after purchasing an additional 18,559 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

About Alarm.com (Get Rating)

Alarm.com Holdings, Inc provides cloud-based solutions for smart residential and commercial properties in the United States and internationally. It operates in two segments, Alarm.com and Other. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, door locks, garage doors, Internet of Things, thermostats, and video cameras; and video monitoring solutions, such as video analytics, live streaming, video doorbell, video clips, video alerts, continuous high definition recording, and commercial video surveillance solutions.

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