Alarm.com (NASDAQ:ALRM) Holdings, Inc. (NASDAQ:ALRM) executive Jeffrey A. Bedell, whose role includes President, Ventures Business and Corporate Strategy, recently sold shares in the company, according to a new SEC filing. The transaction, which took place on April 2, 2024, involved the sale of 1,418 shares of common stock at an average price of $70.00 per share, resulting in a total value of $99,260.
The shares were sold at prices ranging from $69.46 to $70.45, as part of a "sell to cover" transaction to fulfill tax withholding obligations related to the settlement of vested Restricted Stock Units (RSUs). This type of sale is mandated by the company's equity incentive plans, and does not represent a discretionary trade by Bedell.
Following the sale, Bedell's remaining direct ownership in Alarm.com stands at 479,252 shares of common stock. The transaction was detailed in a footnote to the SEC filing, which also offered to provide full information regarding the number of shares sold at each separate price within the range upon request.
Investors and followers of Alarm.com Holdings , Inc. can view the details of this transaction in the company's latest SEC filings.
InvestingPro Insights
Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been in the spotlight recently with executive Jeffrey A. Bedell's share sale. For investors tracking ALRM, InvestingPro provides a comprehensive analysis that can help in making informed decisions. Here are some key insights:
InvestingPro Tips suggest that Alarm.com holds more cash than debt on its balance sheet, which is a positive sign of the company's financial stability. Additionally, analysts are optimistic about the company's earnings potential, with three analysts having revised their earnings upwards for the upcoming period. This could indicate a favorable outlook for the company's financial performance.
From the data side, Alarm.com has a market capitalization of $3.52 billion, reflecting its standing in the industry. The company's Price to Earnings (P/E) ratio, which is currently at 43.26, suggests that investors are willing to pay a higher price for its earnings, which could be due to expectations of future growth or the quality of the company's earnings. The P/E ratio adjusted for the last twelve months as of Q4 2023 stands slightly lower at 39.13. This high earnings multiple could be related to the company's robust gross profit margin of 63.12% in the same period, which indicates strong profitability relative to its revenue.
Investors considering Alarm.com Holdings, Inc. can explore additional InvestingPro Tips to gain further insights into the company's financial health and stock performance. There are 11 more tips available, including information on the company's valuation multiples and stock volatility. To access these valuable tips, visit https://www.investing.com/pro/ALRM.
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