Steve Valenzuela Sells 1,083 Shares of AlarmCom Hldg Inc (ALRM) Stock

AlarmCom Hldg Inc (NASDAQ:ALRM) CFO Steve Valenzuela sold 1,083 shares of AlarmCom stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $65.42, for a total transaction of $70,849.86. Following the completion of the transaction, the chief financial officer now directly owns 29,132 shares in the company, valued at approximately $1,905,815.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Steve Valenzuela also recently made the following trade(s):

  • On Friday, March 1st, Steve Valenzuela sold 1,083 shares of AlarmCom stock. The stock was sold at an average price of $61.00, for a total transaction of $66,063.00.
  • On Friday, February 1st, Steve Valenzuela sold 1,084 shares of AlarmCom stock. The stock was sold at an average price of $63.05, for a total transaction of $68,346.20.

NASDAQ:ALRM opened at $70.83 on Friday. AlarmCom Hldg Inc has a 12 month low of $36.28 and a 12 month high of $71.46. The company has a market capitalization of $3.39 billion, a PE ratio of 54.07, a PEG ratio of 3.64 and a beta of 1.46.

A number of hedge funds have recently made changes to their positions in ALRM. Oregon Public Employees Retirement Fund bought a new position in AlarmCom during the fourth quarter worth $30,000. BlackRock Inc. increased its position in AlarmCom by 27.7% during the third quarter. BlackRock Inc. now owns 4,773,882 shares of the software maker’s stock worth $274,020,000 after acquiring an additional 1,035,961 shares during the period. Norges Bank bought a new position in AlarmCom during the fourth quarter worth $33,739,000. Standard Life Aberdeen plc increased its position in AlarmCom by 55.1% during the fourth quarter. Standard Life Aberdeen plc now owns 1,387,431 shares of the software maker’s stock worth $71,342,000 after acquiring an additional 492,660 shares during the period. Finally, Vanguard Group Inc. increased its position in AlarmCom by 14.1% during the third quarter. Vanguard Group Inc. now owns 3,323,794 shares of the software maker’s stock worth $190,786,000 after acquiring an additional 410,254 shares during the period. 97.34% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on ALRM shares. Zacks Investment Research upgraded shares of AlarmCom from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, January 1st. BidaskClub upgraded shares of AlarmCom from a “hold” rating to a “buy” rating in a report on Thursday, January 17th. ValuEngine upgraded shares of AlarmCom from a “buy” rating to a “strong-buy” rating in a report on Monday, February 4th. Maxim Group restated a “buy” rating and set a $74.00 price target (up from $69.00) on shares of AlarmCom in a report on Friday, March 1st. Finally, Raymond James lifted their target price on shares of AlarmCom from $58.00 to $70.00 and gave the company a “strong-buy” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. AlarmCom has an average rating of “Buy” and a consensus target price of $59.00.

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About AlarmCom

Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.

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