Alarm.com Holdings, Inc. (NASDAQ:ALRM) Director Stephen C. Evans Sells 2,625 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRM) Director Stephen C. Evans sold 2,625 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the sale, the director now directly owns 5,767 shares of the company’s stock, valued at approximately $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Alarm.com Stock Up 0.5 %

Shares of NASDAQ:ALRM opened at $60.52 on Friday. The stock’s 50-day moving average price is $55.40 and its two-hundred day moving average price is $60.99. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $77.29. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 3.58 and a beta of 0.90.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 price target (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Roth Mkm dropped their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Barclays raised their price target on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Jefferies Financial Group started coverage on Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. Finally, The Goldman Sachs Group lifted their price objective on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.40.

Institutional Trading of Alarm.com

A number of hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its stake in shares of Alarm.com by 230.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock valued at $20,844,000 after purchasing an additional 265,936 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Alarm.com by 2,394.6% in the 2nd quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock valued at $17,406,000 after purchasing an additional 262,757 shares in the last quarter. M&G PLC acquired a new position in shares of Alarm.com in the 3rd quarter valued at about $9,583,000. Disciplined Growth Investors Inc. MN lifted its stake in shares of Alarm.com by 6.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock valued at $157,168,000 after purchasing an additional 163,851 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Alarm.com by 1,729.4% during the 2nd quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker’s stock valued at $7,512,000 after buying an additional 111,768 shares during the period. 91.74% of the stock is owned by institutional investors and hedge funds.

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.