Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Daniel Kerzner sold 36,000 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $27.54, for a total transaction of $991,440.00. Following the completion of the sale, the insider now directly owns 37,341 shares in the company, valued at approximately $1,028,371.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Alarm.com Holdings, Inc. (NASDAQ:ALRM) opened at 28.08 on Friday. Alarm.com Holdings, Inc. has a 12 month low of $15.12 and a 12 month high of $34.43. The company’s 50-day moving average is $27.74 and its 200 day moving average is $28.42. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 127.64 and a beta of 1.64.
Alarm.com Holdings (NASDAQ:ALRM) last released its earnings results on Monday, November 14th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.08. The firm had revenue of $67.80 million for the quarter, compared to analysts’ expectations of $59.73 million. Alarm.com Holdings had a net margin of 4.21% and a negative return on equity of 20.70%. Alarm.com Holdings’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. On average, equities research analysts predict that Alarm.com Holdings, Inc. will post $0.59 earnings per share for the current year.
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Institutional investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY bought a new position in Alarm.com Holdings during the second quarter valued at approximately $201,000. Lebenthal Lisanti Capital Growth LLC acquired a new position in Alarm.com Holdings during the third quarter valued at $318,000. Swiss National Bank acquired a new position in Alarm.com Holdings during the second quarter valued at $402,000. Redmond Asset Management LLC acquired a new position in Alarm.com Holdings during the fourth quarter valued at $432,000. Finally, Strs Ohio acquired a new position in Alarm.com Holdings during the third quarter valued at $585,000. 62.98% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have issued reports on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Alarm.com Holdings in a report on Tuesday, January 31st. They issued a “neutral” rating and a $31.00 price target on the stock. Zacks Investment Research downgraded shares of Alarm.com Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, January 17th. Finally, Maxim Group assumed coverage on shares of Alarm.com Holdings in a report on Thursday, December 1st. They issued a “buy” rating and a $37.00 price target on the stock. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $30.15.
Alarm.com Holdings Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected home. The Company, through its cloud-based services, makes connected home technology accessible to millions of home and business owners. The Company operates through two segments: Alarm.com and Other. The Company’s Alarm.com segment represents its cloud-based platform for the connected home and related connected home solutions.
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