Alarm.com (NASDAQ:ALRM) Reaches New 1-Year Low – What’s Next?

Alarm.com Holdings, Inc. (NASDAQ:ALRM) hit a new 52-week low on Friday . The stock traded as low as $50.44 and last traded at $51.14, with a volume of 73293 shares changing hands. The stock had previously closed at $52.50.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Trading Down 3.0 %

The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $2.53 billion, a P/E ratio of 22.24, a P/E/G ratio of 3.59 and a beta of 1.03. The firm’s 50-day moving average price is $59.33 and its 200 day moving average price is $59.40.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The company had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. As a group, equities research analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 1,553 shares of Alarm.com stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $86,175.97. Following the transaction, the chief executive officer now owns 251,129 shares of the company’s stock, valued at $13,935,148.21. This trade represents a 0.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steve Valenzuela sold 3,436 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,191,875. The trade was a 8.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,921 shares of company stock worth $338,727. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Alarm.com

Several large investors have recently made changes to their positions in ALRM. SBI Securities Co. Ltd. bought a new position in Alarm.com during the fourth quarter valued at about $25,000. C M Bidwell & Associates Ltd. bought a new position in shares of Alarm.com during the 4th quarter valued at approximately $36,000. Quarry LP increased its stake in shares of Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock worth $39,000 after purchasing an additional 525 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Alarm.com by 134.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after purchasing an additional 539 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in Alarm.com by 305.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock valued at $63,000 after purchasing an additional 779 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other 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.