Alarm.com Holdings Inc’s filing revealed that its Chief Executive Officer Trundle Stephen unloaded Company’s shares for reported $0.23 million on Apr 02 ’24. In the deal valued at $70.00 per share,3,217 shares were sold. As a result of this transaction, Trundle Stephen now holds 234,449 shares worth roughly $16.57 million.
Then, Kerzner Daniel sold 2,820 shares, generating $197,400 in total proceeds. Upon selling the shares at $70.00, the insider now owns 54,531 shares.
Before that, Valenzuela Steve sold 1,716 shares. Alarm.com Holdings Inc shares valued at $120,120 were divested by the Chief Financial Officer at a price of $70.00 per share. As a result of the transaction, Valenzuela Steve now holds 35,784 shares, worth roughly $2.53 million.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Barclays began covering ALRM with “an Equal weight” recommendation on July 12, 2021. Imperial Capital revised its rating on April 08, 2021. It rated ALRM as “an Outperform” which previously was an “an In-line”.
Price Performance Review of ALRM
On Tuesday, Alarm.com Holdings Inc [NASDAQ:ALRM] saw its stock jump 1.38% to $70.68. Over the last five days, the stock has gained 0.61%. Alarm.com Holdings Inc shares have risen nearly 9.38% since the year began. Nevertheless, the stocks have risen 44.72% over the past one year. While a 52-week high of $77.29 was reached on 02/29/24, a 52-week low of $44.92 was recorded on 01/10/24. SMA at 50 days reached $70.42, while 200 days put it at $60.54. A total of 0.2 million shares were traded, compared to the trading of 0.27 million shares in the previous session.
Levels Of Support And Resistance For ALRM Stock
The 24-hour chart illustrates a support level at 70.02, which if violated will result in even more drops to 69.36. On the upside, there is a resistance level at 71.01. A further resistance level may holdings at 71.34. The Relative Strength Index (RSI) on the 14-day chart is 45.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.94%. Stochastics %K at 13.22% indicates the stock is a buying.
How much short interest is there in Alarm.com Holdings Inc?
A steep rise in short interest was recorded in Alarm.com Holdings Inc stocks on Mar 15, 2024, growing by 90000.0 shares to a total of 1.2 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.11 million shares. There was a rise of 7.5%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.24% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.73.
The most recent change occurred on April 06, 2021 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $100 price target.
