Alarm.com Holdings, Inc. (NASDAQ:ALRM) CEO Stephen Trundle Sells 1,553 Shares

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) CEO Stephen Trundle sold 1,553 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $86,175.97. Following the sale, the chief executive officer now owns 251,129 shares of the company's stock, valued at $13,935,148.21. This represents a 0.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Alarm.com Price Performance

Alarm.com stock traded up $3.54 during mid-day trading on Wednesday, reaching $53.10. 580,984 shares of the company's stock traded hands, compared to its average volume of 411,685. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $71.98. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The stock has a 50 day moving average of $58.30 and a two-hundred day moving average of $59.23. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 3.59 and a beta of 1.03.

Alarm.com (NASDAQ:ALRM - Get Free Report) 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). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The company had revenue of $242.24 million during the quarter, compared to analysts' expectations of $237.44 million. Equities analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Institutional Trading of Alarm.com

A number of institutional investors have recently bought and sold shares of ALRM. SBI Securities Co. Ltd. bought a new stake in shares of Alarm.com in the 4th quarter worth about $25,000. C M Bidwell & Associates Ltd. bought a new stake in Alarm.com in the fourth quarter worth about $36,000. Quarry LP boosted its position in shares of Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker's stock valued at $39,000 after buying an additional 525 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock valued at $57,000 after buying an additional 539 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Alarm.com by 305.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock worth $63,000 after buying an additional 779 shares during the period. 91.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Alarm.com 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.