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 Alarm.com stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total transaction of $156,633.75. Following the transaction, the director now directly owns 5,767 shares in the company, valued at approximately $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Alarm.com Price Performance

Shares of ALRM traded up $0.44 during trading hours on Wednesday, reaching $60.20. The stock had a trading volume of 450,101 shares, compared to its average volume of 374,702. The company’s 50-day moving average is $55.28 and its two-hundred day moving average is $61.00. The stock has a market capitalization of $2.98 billion, a PE ratio of 25.87, a PEG ratio of 4.08 and a beta of 0.90. Alarm.com Holdings, Inc. has a 12 month low of $51.87 and a 12 month high of $77.29. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ALRM. Oakworth Capital Inc. bought a new position in shares of Alarm.com in the 3rd quarter worth $38,000. Quarry LP grew its holdings 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 last quarter. Huntington National Bank increased its position in shares of Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after acquiring an additional 367 shares in the last quarter. Point72 DIFC Ltd raised its holdings in shares of Alarm.com by 293.6% in the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after acquiring an additional 1,101 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Alarm.com in the second quarter worth approximately $108,000. 91.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. StockNews.com lowered Alarm.com from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Jefferies Financial Group began coverage on Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price on the stock. The Goldman Sachs Group raised their price target on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Roth Mkm decreased their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $64.40.

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.