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Insider Trends: Insider Adds to Selling Trend at Alarm.Com Holdings

05/11/2021 16:23

08:11 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, Stephen Trundle, Director and President & CEO, reported a sale of 45,634 shares in Alarm.Com Holdings (ALRM) for $3,889,338. After the Form 4 filing with the SEC, Trundle has control over 2,225,904 shares of company stock of which 240,616 shares are held directly and 1,985,288 are controlled indirectly. These holdings have an approximate market value of $184 million as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 15 insider transactions reported to the SEC for Alarm.Com Holdings. These transactions came from the activities of 6 separate insiders that resulted in a net disposition of 39,245 company shares. Relative to the preceding 90-day window of time, there were 24 transactions from 6 insiders that resulted in the net disposition of 98,930 shares.

This level of insider transactions is lower than the peer group average in the 118-company Software peer group over the last 90-day period. Peer group activity averaged 90.1 transactions per company, with company insiders acquiring on average 180,675 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1459200/000120919121031901/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.