Key Points
- Alarm.com director Donald Clarke sold 4,624 shares for $300,282.56 at an average price of $64.94, reducing his direct holdings by 25.44% to 13,551 shares.
- The company beat quarterly expectations, reporting EPS of $0.90 versus $0.75 expected and revenue of $279.44 million; revenue grew 9% year over year.
- Analyst sentiment is mixed: MarketBeat’s consensus rating is “Hold,” with a $61.67 average price target; ratings include one Strong Buy, three Holds, and two Sells.
Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) Director Donald Clarke sold 4,624 shares of the company's stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $64.94, for a total transaction of $300,282.56. Following the completion of the sale, the director directly owned 13,551 shares of the company's stock, valued at $880,001.94. The trade was a 25.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Alarm.com Price Performance
Shares of ALRM opened at $66.42 on Friday. Alarm.com Holdings, Inc. has a fifty-two week low of $41.49 and a fifty-two week high of $69.39. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 2.09 and a beta of 0.70. The firm has a 50-day simple moving average of $58.65 and a 200-day simple moving average of $50.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.27 and a current ratio of 4.83.
Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.15. The firm had revenue of $279.44 million for the quarter, compared to analysts' expectations of $265.82 million. Alarm.com had a return on equity of 15.92% and a net margin of 10.79%. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. On average, equities research analysts anticipate that Alarm.com Holdings, Inc. will post 2.49 earnings per share for the current year.
Wall Street Analyst Weigh In
ALRM has been the topic of several analyst reports. William Blair reiterated a "market perform" rating on shares of Alarm.com in a research note on Friday, November 6th. Zacks Research downgraded Alarm.com from a "hold" rating to a "strong sell" rating in a report on Tuesday. Wall Street Zen upgraded shares of Alarm.com from a "hold" rating to a "buy" rating in a research report on Sunday, August 16th. Raymond James Financial restated a "strong-buy" rating and set a $65.00 price objective on shares of Alarm.com in a research report on Friday, August 7th. Finally, Barclays raised their target price on shares of Alarm.com from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Friday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $61.67.
Check Out Our Latest Report on Alarm.com
Institutional Trading of Alarm.com
Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp purchased a new stake in shares of Alarm.com in the second quarter valued at approximately $14,339,000. American Capital Management Inc. acquired a new stake in Alarm.com in the second quarter valued at $3,202,000. Winmill & CO. Inc. purchased a new stake in shares of Alarm.com during the 2nd quarter worth $5,891,000. Summit Global Investments boosted its position in shares of Alarm.com by 368.0% during the 3rd quarter. Summit Global Investments now owns 27,200 shares of the software maker's stock worth $1,482,000 after purchasing an additional 21,388 shares in the last quarter. Finally, Summit Creek Advisors LLC purchased a new stake in shares of Alarm.com during the 2nd quarter worth $2,759,000. 91.74% of the stock is owned by institutional investors and hedge funds.
About Alarm.com
(
Get Free Report)
Alarm.com Holdings, Inc. develops cloud-based software and connected-device services for residential and commercial security, automation, and energy management. Its platform brings together devices such as security sensors, cameras, locks, thermostats, and access-control systems, which customers can manage through mobile and web applications. The company provides its technology primarily through a network of security and service providers. Its offerings include intrusion detection, video monitoring and analytics, smart-home automation, commercial security and access control, and tools for monitoring and managing energy use.
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