Alarm.com (NASDAQ:ALRM) Director Donald Clarke Sells 4,624 Shares of Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) Director Donald Clarke sold 4,624 shares of the company’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $64.94, for a total value of $300,282.56. Following the sale, the director directly owned 13,551 shares in the company, valued at $880,001.94. This represents a 25.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Alarm.com Stock Up 0.2%

Shares of NASDAQ ALRM opened at $66.42 on Friday. The business’s fifty day simple moving average is $58.65 and its 200-day simple moving average is $50.82. The company has a current ratio of 4.83, a quick ratio of 4.27 and a debt-to-equity ratio of 0.55. The stock has a market cap of $3.26 billion, a P/E ratio of 25.50, a PEG ratio of 2.09 and a beta of 0.70. Alarm.com Holdings, Inc. has a 12-month low of $41.49 and a 12-month high of $69.39.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, November 5th. The software maker reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15. Alarm.com had a return on equity of 15.92% and a net margin of 10.79%. The business had revenue of $279.44 million during the quarter, compared to the consensus estimate of $265.82 million. During the same period in the previous year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities analysts predict that Alarm.com Holdings, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ALRM shares. William Blair reaffirmed a “market perform” rating on shares of Alarm.com in a report on Friday, November 6th. JPMorgan Chase & Co. raised their target price on Alarm.com from $40.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, October 30th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $65.00 price target on shares of Alarm.com in a report on Friday, August 7th. Zacks Research lowered shares of Alarm.com from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Sunday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Alarm.com presently has a consensus rating of “Hold” and a consensus price target of $61.67.

Institutional Trading of Alarm.com

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in Alarm.com during the 2nd quarter worth approximately $14,339,000. American Capital Management Inc. purchased a new stake in Alarm.com in the second quarter valued at approximately $3,202,000. Winmill & CO. Inc. acquired a new stake in shares of Alarm.com in the second quarter valued at approximately $5,891,000. Summit Global Investments boosted its holdings in shares of Alarm.com by 368.0% in the third quarter. Summit Global Investments now owns 27,200 shares of the software maker’s stock valued at $1,482,000 after acquiring an additional 21,388 shares during the period. Finally, Summit Creek Advisors LLC purchased a new position in shares of Alarm.com during the second quarter worth approximately $2,759,000. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Company Profile

Alarm.com Holdings, Inc. develops cloud-based software and connected-device services for residential and commercial security, automation, and energy management. Its platform brings together devices such as security sensors, cameras, locks, thermostats, and access-control systems, which customers can manage through mobile and web applications. The company provides its technology primarily through a network of security and service providers. Its offerings include intrusion detection, video monitoring and analytics, smart-home automation, commercial security and access control, and tools for monitoring and managing energy use.