Alarm.com (NASDAQ:ALRM) Reaches New 52-Week Low – Here’s Why

Alarm.com Holdings, Inc. (NASDAQ:ALRM)’s share price hit a new 52-week low during mid-day trading on Friday . The company 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.

Analyst Upgrades and Downgrades

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

Alarm.com Price Performance

The business has a fifty day moving average of $59.33 and a 200-day moving average of $59.40. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The firm has a market cap of $2.53 billion, a PE ratio of 22.24, a PEG ratio of 3.59 and a beta of 1.03.

Alarm.com (NASDAQ:ALRM) last released 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). The firm had revenue of $242.24 million during the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. As a group, research analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

Insider Activity

In other news, CEO Stephen Trundle sold 1,553 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $86,175.97. Following the completion of the transaction, the chief executive officer now owns 251,129 shares of the company’s stock, valued at approximately $13,935,148.21. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Kerzner sold 932 shares of the firm’s 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 $51,716.68. Following the completion of the sale, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,921 shares of company stock worth $338,727 in the last three months. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in Alarm.com by 4.5% during the fourth quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker’s stock worth $16,130,000 after purchasing an additional 11,531 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in Alarm.com in the 4th quarter worth approximately $259,000. Y Intercept Hong Kong Ltd purchased a new stake in Alarm.com in the third quarter worth approximately $1,322,000. KBC Group NV grew its position in Alarm.com by 47.9% during the fourth quarter. KBC Group NV now owns 1,920 shares of the software maker’s stock valued at $117,000 after acquiring an additional 622 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Alarm.com by 2.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker’s stock worth $23,786,000 after acquiring an additional 9,935 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

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.