Alarm.com (ALRM) Insider Sells $2,143,000.00 in Stock

Alarm.com (NASDAQ:ALRM) insider Jean-Paul Martin sold 50,000 shares of Alarm.com stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $42.86, for a total value of $2,143,000.00. Following the sale, the insider now directly owns 188,004 shares of the company’s stock, valued at $8,057,851.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Jean-Paul Martin also recently made the following trade(s):

  • On Thursday, May 10th, Jean-Paul Martin sold 50,000 shares of Alarm.com stock. The stock was sold at an average price of $39.97, for a total value of $1,998,500.00.

Alarm.com traded up $0.27, hitting $43.09, during trading on Friday, Marketbeat.com reports. The company had a trading volume of 162,100 shares, compared to its average volume of 452,951. The stock has a market capitalization of $2.03 billion, a PE ratio of 56.70, a price-to-earnings-growth ratio of 2.61 and a beta of 1.12. Alarm.com has a 1-year low of $31.68 and a 1-year high of $49.49. The company has a quick ratio of 4.32, a current ratio of 4.66 and a debt-to-equity ratio of -0.94.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, May 3rd. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The firm had revenue of $92.80 million for the quarter, compared to analysts’ expectations of $89.59 million. Alarm.com had a negative return on equity of 57.77% and a net margin of 10.01%. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. analysts expect that Alarm.com will post 0.96 earnings per share for the current fiscal year.

ALRM has been the topic of a number of research analyst reports. Imperial Capital upgraded Alarm.com from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $37.88 to $45.00 in a research report on Friday, February 16th. BidaskClub upgraded Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Zacks Investment Research cut Alarm.com from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Maxim Group reiterated a “buy” rating and set a $59.00 target price (up previously from $57.00) on shares of Alarm.com in a research report on Wednesday, February 28th. Finally, Raymond James reiterated an “outperform” rating and set a $48.00 target price on shares of Alarm.com in a research report on Monday, March 19th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Alarm.com has a consensus rating of “Buy” and an average price target of $48.55.

A number of hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. increased its position in Alarm.com by 28.4% in the 1st quarter. Victory Capital Management Inc. now owns 6,024 shares of the software maker’s stock valued at $227,000 after acquiring an additional 1,334 shares during the period. Prudential Financial Inc. increased its position in Alarm.com by 3.9% in the 1st quarter. Prudential Financial Inc. now owns 42,190 shares of the software maker’s stock valued at $1,592,000 after acquiring an additional 1,600 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Alarm.com by 10.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 16,549 shares of the software maker’s stock valued at $625,000 after acquiring an additional 1,610 shares during the period. Swiss National Bank increased its position in Alarm.com by 6.3% in the 1st quarter. Swiss National Bank now owns 28,500 shares of the software maker’s stock valued at $1,076,000 after acquiring an additional 1,700 shares during the period. Finally, Blueport Capital L.P. increased its position in Alarm.com by 19.6% in the 4th quarter. Blueport Capital L.P. now owns 10,788 shares of the software maker’s stock valued at $407,000 after acquiring an additional 1,771 shares during the period. Hedge funds and other institutional investors own 90.75% of the company’s stock.

About Alarm.com

Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.

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

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