Alarm.com Holdings, Inc. (ALRM) Insider Stephen Trundle Sells 60,000 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Stephen Trundle sold 60,000 shares of Alarm.com stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $44.05, for a total value of $2,643,000.00. Following the transaction, the insider now directly owns 222,191 shares of the company’s stock, valued at approximately $9,787,513.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Stephen Trundle also recently made the following trade(s):

  • On Thursday, November 16th, Stephen Trundle sold 30,000 shares of Alarm.com stock. The shares were sold at an average price of $43.77, for a total value of $1,313,100.00.
  • On Thursday, August 31st, Stephen Trundle sold 78,542 shares of Alarm.com stock. The shares were sold at an average price of $45.25, for a total value of $3,554,025.50.

Alarm.com Holdings, Inc. (NASDAQ ALRM) traded up $0.14 during trading hours on Wednesday, reaching $37.55. The company had a trading volume of 452,389 shares, compared to its average volume of 369,109. The company has a market cap of $1,770.00 and a P/E ratio of 41.76. Alarm.com Holdings, Inc. has a one year low of $26.68 and a one year high of $49.49. The company has a quick ratio of 2.88, a current ratio of 3.16 and a debt-to-equity ratio of -0.81.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.07. The company had revenue of $90.00 million during the quarter, compared to the consensus estimate of $83.04 million. Alarm.com had a negative return on equity of 42.00% and a net margin of 9.97%. Alarm.com’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. research analysts anticipate that Alarm.com Holdings, Inc. will post 0.83 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Riverbridge Partners LLC bought a new stake in Alarm.com in the second quarter valued at approximately $50,898,000. Janus Henderson Group PLC bought a new stake in Alarm.com in the second quarter valued at approximately $37,684,000. Vanguard Group Inc. lifted its position in Alarm.com by 21.7% in the second quarter. Vanguard Group Inc. now owns 776,777 shares of the software maker’s stock valued at $29,229,000 after purchasing an additional 138,595 shares during the last quarter. Renaissance Technologies LLC lifted its position in Alarm.com by 61.6% in the second quarter. Renaissance Technologies LLC now owns 593,000 shares of the software maker’s stock valued at $22,315,000 after purchasing an additional 226,000 shares during the last quarter. Finally, Oak Ridge Investments LLC bought a new stake in Alarm.com in the second quarter valued at approximately $19,059,000. Hedge funds and other institutional investors own 83.16% of the company’s stock.

A number of brokerages have recently issued reports on ALRM. Stifel Nicolaus reiterated a “hold” rating and set a $38.00 price target (up previously from $34.00) on shares of Alarm.com in a research report on Thursday, November 9th. Credit Suisse Group reiterated an “outperform” rating and set a $52.00 price target (up previously from $46.00) on shares of Alarm.com in a research report on Thursday, November 9th. William Blair reiterated an “outperform” rating on shares of Alarm.com in a research report on Thursday, September 21st. Northland Securities reiterated a “buy” rating and set a $51.00 price target on shares of Alarm.com in a research report on Friday, October 13th. Finally, Bank of America lifted their price target on Alarm.com from $46.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $46.90.

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Alarm.com Company Profile

Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.

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

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