Alarm.com Holdings, Inc. (NASDAQ:ALRM) Insider Jeffrey A. Bedell Sells 1,862 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRMGet Rating) insider Jeffrey A. Bedell sold 1,862 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $57.80, for a total value of $107,623.60. Following the sale, the insider now owns 469,282 shares in the company, valued at $27,124,499.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

NASDAQ ALRM opened at $59.78 on Wednesday. The company has a market capitalization of $2.99 billion, a PE ratio of 66.42, a price-to-earnings-growth ratio of 3.48 and a beta of 1.21. 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 business’s fifty day moving average is $62.54 and its 200 day moving average is $72.19. Alarm.com Holdings, Inc. has a fifty-two week low of $54.99 and a fifty-two week high of $94.45.

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

Several analysts have commented on the company. Raymond James cut their target price on Alarm.com from $120.00 to $85.00 and set a “strong-buy” rating on the stock in a research note on Friday, February 25th. StockNews.com downgraded Alarm.com from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Zacks Investment Research downgraded Alarm.com from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Bank of America began coverage on Alarm.com in a research note on Wednesday, April 20th. They issued a “buy” rating and a $75.00 price target on the stock. Finally, TheStreet downgraded Alarm.com from a “b-” rating to a “c” rating in a research note on Thursday, March 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $89.67.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in 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 purchasing an additional 109,416 shares in the last quarter. William Blair Investment Management LLC lifted its position in 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 purchasing an additional 202,964 shares in the last quarter. Riverbridge Partners LLC raised its holdings in Alarm.com by 6.0% during the first quarter. Riverbridge Partners LLC now owns 2,033,529 shares of the software maker’s stock valued at $135,148,000 after acquiring an additional 115,606 shares during the period. Geneva Capital Management LLC raised its holdings in Alarm.com by 6.1% during 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 acquiring an additional 72,459 shares during the period. Finally, Disciplined Growth Investors Inc. MN raised its holdings in Alarm.com by 1.6% during 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 acquiring an additional 18,559 shares during the period. Institutional investors own 91.77% of the company’s stock.

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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