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 the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the transaction, the director now owns 5,767 shares in the company, valued at approximately $344,116.89. The trade was a 31.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Alarm.com Price Performance

Shares of ALRM stock opened at $60.20 on Thursday. The business’s fifty day moving average is $55.40 and its 200 day moving average is $60.99. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 3.58 and a beta of 0.90. Alarm.com Holdings, Inc. has a twelve month low of $51.87 and a twelve month high of $77.29.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ALRM. SG Americas Securities LLC boosted its holdings in Alarm.com by 584.7% in the second quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock worth $1,472,000 after acquiring an additional 19,785 shares in the last quarter. Janus Henderson Group PLC lifted its position in Alarm.com by 36.8% in the 1st quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock valued at $2,379,000 after acquiring an additional 8,843 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in Alarm.com in the 1st quarter valued at approximately $759,000. Hsbc Holdings PLC increased its holdings in shares of Alarm.com by 312.9% in the 2nd quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker’s stock worth $1,399,000 after purchasing an additional 16,625 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Alarm.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker’s stock worth $426,190,000 after purchasing an additional 63,653 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barclays raised their target price on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. The Goldman Sachs Group boosted their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Jefferies Financial Group began coverage on shares of Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price for the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Finally, StockNews.com downgraded Alarm.com from a “buy” rating to a “hold” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Alarm.com currently has a consensus rating of “Hold” and a consensus target price 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.