Today, a Director at Alarmcom (NASDAQ: ALRM), Hugh Panero, sold shares of ALRM for $1.85M.
Following Hugh Panero’s last ALRM Sell transaction on December 15, 2017, the stock climbed by 4.4%. In addition to Hugh Panero, 2 other ALRM executives reported Sell trades in the last month.
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Based on Alarmcom’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $92.76 million and quarterly net profit of $10.51 million. In comparison, last year the company earned revenue of $74.19 million and had a net profit of $3.96 million. ALRM’s market cap is $1.96B and the company has a P/E ratio of 56.89. Currently, Alarmcom has an average volume of 317.9K.
Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $52.17, reflecting a -19.0% downside.
The insider sentiment on Alarmcom has been negative according to 62 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
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Alarm.com Holdings, Inc. engages in the provision of wireless and web-enabled security system technology. The firm offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions.
