Jeffrey Bedell Sells 2,273 Shares of Alarm.com (NASDAQ:ALRM) Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Jeffrey Bedell sold 2,273 shares of Alarm.com stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $52.51, for a total value of $119,355.23. Following the completion of the transaction, the insider directly owned 505,805 shares of the company’s stock, valued at approximately $26,559,820.55. This represents a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Alarm.com Stock Performance

NASDAQ:ALRM traded up $0.37 during mid-day trading on Tuesday, reaching $51.85. The company’s stock had a trading volume of 415,795 shares, compared to its average volume of 367,755. The company has a current ratio of 2.06, a quick ratio of 1.92 and a debt-to-equity ratio of 0.59. The stock has a market cap of $2.59 billion, a P/E ratio of 21.97, a PEG ratio of 1.99 and a beta of 0.88. The firm’s fifty day moving average price is $50.69 and its two-hundred day moving average price is $54.19. Alarm.com Holdings, Inc. has a 12-month low of $46.65 and a 12-month high of $68.54.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, November 6th. The software maker reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.14. The company had revenue of $256.40 million for the quarter, compared to the consensus estimate of $251.14 million. Alarm.com had a net margin of 12.92% and a return on equity of 14.26%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. On average, equities analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Alarm.com

Several large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its position in shares of Alarm.com by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 535,678 shares of the software maker’s stock worth $29,810,000 after purchasing an additional 5,295 shares in the last quarter. Nuveen LLC purchased a new position in Alarm.com during the 1st quarter worth $21,584,000. Aviso Financial Inc. increased its position in Alarm.com by 2.3% during the 1st quarter. Aviso Financial Inc. now owns 13,550 shares of the software maker’s stock valued at $754,000 after buying an additional 300 shares in the last quarter. Hsbc Holdings PLC raised its stake in Alarm.com by 11.1% in the first quarter. Hsbc Holdings PLC now owns 30,499 shares of the software maker’s stock valued at $1,687,000 after buying an additional 3,052 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Alarm.com in the first quarter worth about $73,000. 91.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays dropped their price objective on shares of Alarm.com from $60.00 to $56.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Zacks Research upgraded Alarm.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.67.

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.