Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $2.23 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.
As published in their initiating research note from Goldman on September 06, 2024, Alarm.com Holdings Inc [ALRM] has been a Neutral and the price target has been revised to $64. As of April 20, 2022, BofA Securities has initiated its “Buy” rating for ALRM. Earlier on July 12, 2021, Barclays initiated its rating. Their recommendation was “an Equal weight” for ALRM stock.
Analyzing ALRM Stock Performance
During the last five days, there has been a drop of approximately -6.92%. Over the course of the year, Alarm.com Holdings Inc shares have dropped approximately -16.09%. Shares of the company reached a 52-week high of $77.29 on 02/29/24 and a 52-week low of $53.10 on 09/11/24. A 50-day SMA is recorded $63.10, while a 200-day SMA reached $65.01. Nevertheless, trading volume fell to 0.95 million shares from 0.43 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 53.26, which, if violated, would cause prices to drop to 52.29. In the upper region, resistance lies at 55.02. The next price resistance is at 55.82. RSI (Relative Strength Index) is 30.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.36, which suggests the price will decrease in the coming days. Percent R is at 87.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
