Stephen Trundle Sells 101,763 Shares of AlarmCom Hldg Inc (NASDAQ:ALRM) Stock

AlarmCom Hldg Inc (NASDAQ:ALRM) CEO Stephen Trundle sold 101,763 shares of AlarmCom stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $67.52, for a total transaction of $6,871,037.76. Following the sale, the chief executive officer now owns 257,741 shares in the company, valued at $17,402,672.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of ALRM opened at $70.04 on Friday. The company has a current ratio of 3.98, a quick ratio of 3.51 and a debt-to-equity ratio of 0.42. AlarmCom Hldg Inc has a 1-year low of $32.00 and a 1-year high of $74.66. The business’s 50-day moving average price is $66.33 and its 200 day moving average price is $50.51. The stock has a market capitalization of $3.41 billion, a P/E ratio of 66.08, a P/E/G ratio of 5.78 and a beta of 1.18.

AlarmCom (NASDAQ:ALRM) last released its earnings results on Thursday, May 7th. The software maker reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.08. AlarmCom had a return on equity of 18.82% and a net margin of 9.84%. The company had revenue of $151.90 million for the quarter, compared to analysts’ expectations of $125.13 million. During the same quarter in the previous year, the business posted $0.34 EPS. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. On average, research analysts predict that AlarmCom Hldg Inc will post 1.01 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in ALRM. FDx Advisors Inc. acquired a new stake in shares of AlarmCom during the 1st quarter valued at about $32,000. Canton Hathaway LLC acquired a new stake in AlarmCom in the 2nd quarter worth approximately $32,000. Harvest Fund Management Co. Ltd acquired a new stake in AlarmCom in the 1st quarter worth approximately $62,000. Mutual of America Capital Management LLC lifted its holdings in AlarmCom by 24.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 1,601 shares of the software maker’s stock worth $62,000 after purchasing an additional 312 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new stake in AlarmCom in the 1st quarter worth approximately $65,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

ALRM has been the topic of a number of recent analyst reports. ValuEngine cut shares of AlarmCom from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Northland Securities lifted their target price on AlarmCom from $58.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Zacks Investment Research lowered AlarmCom from a “hold” rating to a “sell” rating in a report on Tuesday, July 14th. Roth Capital lifted their target price on AlarmCom from $51.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd. Finally, Raymond James lowered their target price on AlarmCom from $65.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Wednesday, May 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $63.25.

About AlarmCom

Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.

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