Alarm.com (NASDAQ:ALRM) Reaches New 52-Week Low - Here's Why

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $50.44 and last traded at $51.14, with a volume of 73293 shares traded. The stock had previously closed at $52.50.

Analyst Ratings Changes

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

Alarm.com Price Performance

The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 3.59 and a beta of 1.03. The stock's 50 day simple moving average is $58.61 and its 200-day simple moving average is $59.30.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. On average, analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Insider Transactions at Alarm.com

In other Alarm.com news, insider Daniel Kerzner sold 932 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the transaction, the insider now owns 58,736 shares of the company's stock, valued at $3,259,260.64. The trade was a 1.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steve Valenzuela sold 3,436 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. This represents a 8.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,921 shares of company stock worth $338,727. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of Alarm.com

Several hedge funds have recently added to or reduced their stakes in the business. Burgundy Asset Management Ltd. acquired a new position in shares of Alarm.com during the fourth quarter worth approximately $42,490,000. Norges Bank bought a new position in Alarm.com during the fourth quarter worth $34,841,000. T. Rowe Price Investment Management Inc. acquired a new position in Alarm.com during the 4th quarter valued at $27,506,000. Arrowstreet Capital Limited Partnership boosted its holdings in Alarm.com by 120.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker's stock valued at $24,369,000 after purchasing an additional 219,203 shares during the period. Finally, Disciplined Growth Investors Inc. MN grew its position in 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 worth $157,168,000 after purchasing an additional 163,851 shares during the last quarter. Institutional investors own 91.74% of the company's stock.

About Alarm.com

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.