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Alarm.com executive sells shares worth $43,115

Published 04/04/2025, 22:02
Alarm.com executive sells shares worth $43,115
ALRM
3.83%

Jeffrey A. Bedell, associated with Alarm.com Holdings , Inc. (NASDAQ:ALRM), a $2.53 billion market cap company with strong financial health according to InvestingPro, recently sold shares of the company valued at $43,115. The transaction, disclosed in a recent SEC filing, involved the sale of 777 shares at a weighted average price of $55.49 per share. This activity was part of a "sell to cover" transaction mandated by the company’s equity incentive plans to cover tax obligations related to vested restricted stock units. Following this sale, Bedell retains ownership of 492,528 shares in the company. With the stock currently trading near its 52-week low and showing oversold conditions, InvestingPro analysis suggests ALRM is currently undervalued. Discover more insights and 8 additional ProTips about ALRM with an InvestingPro subscription, including comprehensive insider trading analysis.

In other recent news, Alarm.com reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.58, exceeding the forecasted $0.53. The company also outperformed revenue projections, reporting $242.2 million against the expected $237.45 million. Despite the strong earnings, the company’s stock faced a decline in aftermarket trading, reflecting investor concerns over potential challenges. Alarm.com provided optimistic guidance for 2025, projecting continued growth in both SaaS and license revenue. Additionally, the company announced the promotion of Kevin Bradley to Chief Financial Officer, who will oversee financial operations and report directly to CEO Steve Trundle. Meanwhile, AstroNova expanded its Board of Directors by appointing Darius G. Nevin, bringing significant financial expertise to the company. These developments indicate strategic efforts by both companies to enhance their governance and financial oversight.

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