Stephen Trundle Sells 1,553 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) CEO Stephen Trundle sold 1,553 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $86,175.97. Following the transaction, the chief executive officer now directly owns 251,129 shares of the company’s stock, valued at $13,935,148.21. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Alarm.com Price Performance

NASDAQ:ALRM opened at $50.93 on Friday. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The firm has a fifty day simple moving average of $59.33 and a 200 day simple moving average of $59.36. Alarm.com Holdings, Inc. has a 1-year low of $50.44 and a 1-year high of $71.98. The stock has a market capitalization of $2.53 billion, a PE ratio of 22.24, a P/E/G ratio of 3.59 and a beta of 1.03.

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

Analyst Ratings Changes

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

Institutional Trading of Alarm.com

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

Alarm.com Company Profile

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.