Steve Valenzuela Sells 3,436 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) CFO Steve Valenzuela sold 3,436 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,191,875. This trade represents a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alarm.com Stock Performance

ALRM stock opened at $58.49 on Monday. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 3.59 and a beta of 1.10. The firm has a 50-day simple moving average of $60.68 and a two-hundred day simple moving average of $59.42. Alarm.com Holdings, Inc. has a one year low of $51.87 and a one year high of $74.97. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). The firm had revenue of $242.24 million for the quarter, compared to analysts’ expectations of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. On average, equities analysts forecast that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Alarm.com

Hedge funds have recently modified their holdings of the stock. Centaurus Financial Inc. increased its holdings in shares of Alarm.com by 3.7% during the third quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker’s stock valued at $12,937,000 after acquiring an additional 8,456 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Alarm.com by 4.5% during the fourth quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker’s stock valued at $16,130,000 after acquiring an additional 11,531 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Alarm.com during the fourth quarter valued at about $259,000. Victory Capital Management Inc. increased its holdings in shares of Alarm.com by 369.7% during the third quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker’s stock valued at $3,802,000 after acquiring an additional 54,738 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Alarm.com during the third quarter valued at about $1,322,000. Institutional investors and hedge funds own 91.74% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Alarm.com presently has an average rating of “Hold” and an average price target of $64.40.

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.