The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Alarm.com Holdings Inc shares valued at $585,712 were sold by Ramos Daniel on Aug 23 ’24. At $61.81 per share, Ramos Daniel sold 9,476 shares. The insider’s holdings dropped to 41,100 shares worth approximately $2.39 million following the completion of this transaction.
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Also, Valenzuela Steve sold 7,400 shares, netting a total of over 445,998 in proceeds. Following the sale of shares at $60.27 each, the insider now holds 37,500 shares.
Before that, DANIEL J. RAMOS had added 9,476 shares to its account. In a trade valued at $585,748, the Officer bought Alarm.com Holdings Inc shares for $61.81 each.
Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of July 12, 2021, Barclays has initiated its “an Equal weight” rating for ALRM. Earlier on April 08, 2021, Imperial Capital upgraded its rating. Their new recommendation was “an Outperform” for ALRM stock which previously was a “an In-line”.
Analyzing ALRM Stock Performance
During the last five days, there has been a drop of approximately -1.85%. Over the course of the year, Alarm.com Holdings Inc shares have dropped approximately -9.86%. Shares of the company reached a 52-week high of $77.29 on 02/29/24 and a 52-week low of $57.60 on 09/04/24. A 50-day SMA is recorded $63.82, while a 200-day SMA reached $65.07. Nevertheless, trading volume fell to 0.27 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Alarm.com Holdings Inc (ALRM)
According to the 24-hour chart, there is a support level at 57.63, which, if violated, would cause prices to drop to 57.02. In the upper region, resistance lies at 58.83. The next price resistance is at 59.42. RSI (Relative Strength Index) is 38.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.80, which suggests the price will decrease in the coming days. Percent R is at 85.68%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
