Alarm.com Holdings, Inc. (NASDAQ:ALRM) Insider Daniel Kerzner Sells 32,851 Shares of Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) insider Daniel Kerzner sold 32,851 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $66.40, for a total value of $2,181,306.40. Following the completion of the sale, the insider now directly owns 59,668 shares in the company, valued at $3,961,955.20. This trade represents a 35.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Alarm.com Trading Up 0.2 %

Shares of ALRM stock opened at $67.86 on Wednesday. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. Alarm.com Holdings, Inc. has a 12-month low of $51.87 and a 12-month high of $77.29. The stock has a market capitalization of $3.35 billion, a P/E ratio of 29.38, a P/E/G ratio of 4.08 and a beta of 0.97. The firm’s 50 day moving average is $59.66 and its 200 day moving average is $60.66.

Analyst Ratings Changes

ALRM has been the topic of a number of analyst reports. Roth Mkm dropped 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. Barclays upped their target price on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Jefferies Financial Group assumed coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price objective for the company. The Goldman Sachs Group increased their target price on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Alarm.com presently has a consensus rating of “Hold” and an average price target of $64.40.

Hedge Funds Weigh In On Alarm.com

Several hedge funds and other institutional investors have recently modified their holdings of the company. Disciplined Growth Investors Inc. MN grew its holdings in shares of Alarm.com by 6.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock worth $157,168,000 after acquiring an additional 163,851 shares during the period. Geneva Capital Management LLC grew its stake in shares of Alarm.com by 0.8% during the 3rd quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker’s stock valued at $71,480,000 after purchasing an additional 10,630 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Alarm.com by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker’s stock valued at $73,889,000 after purchasing an additional 42,281 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Alarm.com by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock worth $28,513,000 after purchasing an additional 7,567 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Alarm.com by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker’s stock worth $30,051,000 after buying an additional 64,424 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

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.