Alarm.com Holdings, Inc. (NASDAQ:ALRM) Insider Jeffrey A. Bedell Sells 9,769 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRMGet Rating) insider Jeffrey A. Bedell sold 9,769 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $71.13, for a total value of $694,868.97. Following the transaction, the insider now owns 469,282 shares in the company, valued at approximately $33,380,028.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Alarm.com Stock Performance

Shares of ALRM opened at $68.15 on Wednesday. The company has a quick ratio of 5.50, a current ratio of 6.27 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average price is $69.57 and its 200-day moving average price is $65.14. Alarm.com Holdings, Inc. has a 52 week low of $54.99 and a 52 week high of $90.69. The stock has a market cap of $3.39 billion, a P/E ratio of 82.11, a P/E/G ratio of 4.30 and a beta of 1.19.

Alarm.com (NASDAQ:ALRMGet Rating) last issued its quarterly earnings results on Tuesday, August 9th. The software maker reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. Alarm.com had a return on equity of 10.90% and a net margin of 5.29%. The firm had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $207.93 million. During the same period in the previous year, the firm posted $0.43 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ALRM. TheStreet upgraded Alarm.com from a “c” rating to a “b-” rating in a report on Wednesday, August 10th. Roth Capital boosted their price target on Alarm.com from $75.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. Maxim Group lifted their price objective on Alarm.com from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Barclays lifted their price objective on Alarm.com from $63.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 10th. Finally, Raymond James lifted their price objective on Alarm.com from $80.00 to $83.00 in a research report on Wednesday, August 10th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.80.

Hedge Funds Weigh In On Alarm.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mascoma Wealth Management LLC bought a new position in Alarm.com in the 1st quarter valued at approximately $28,000. First Horizon Advisors Inc. bought a new position in Alarm.com in the 2nd quarter valued at approximately $35,000. GHP Investment Advisors Inc. bought a new position in Alarm.com in the 1st quarter valued at approximately $38,000. EverSource Wealth Advisors LLC bought a new position in Alarm.com in the 2nd quarter valued at approximately $56,000. Finally, Sandy Spring Bank bought a new position in Alarm.com in the 2nd quarter valued at approximately $62,000. 91.43% of the stock is owned by institutional investors.

Alarm.com Company Profile

(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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Insider Buying and Selling by Quarter for Alarm.com (NASDAQ:ALRM)

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