Alarm.com Holdings (ALRM) : Traders are bullish on Alarm.com Holdings (ALRM) as it has outperformed the S&P 500 by a wide margin of 9.06% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.81%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.86% in the last 1 week, and is up 10.19% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.2% and the 50-Day Moving Average is 18.17%. Alarm.com Holdings (NASDAQ:ALRM): stock turned positive on Friday. Though the stock opened at $31.37, the bulls momentum made the stock top out at $31.91 level for the day. The stock recorded a low of $30.19 and closed the trading day at $30.83, in the green by 0.23%. The total traded volume for the day was 499,435. The stock had closed at $30.76 in the previous days trading.
The company Insiders own 78.5% of Alarm.com Holdings shares according to the proxy statements. Institutional Investors own 61.48% of Alarm.com Holdings shares. Also, First Analysis initiates coverage on Alarm.com Holdings (NASDAQ:ALRM). The current rating of the shares is Overweight, according to the research report released by the firm. The rating by the firm was issued on July 8, 2016.
Alarm.com Holdings, Inc. is a platform solution for the connected home. The Company, through its cloud-based services, makes connected home technology accessible to millions of home and business owners. The Companys multi-tenant software-as-a-service (SaaS) platform enables home and business owners to secure their properties and automate and control an array of connected devices through a single, intuitive user interface. The Company offers four primary solutions, which include interactive security, intelligent automation, video monitoring and energy management. The Company offers a suite of enterprise-grade business management solutions to its service providers, which include service provider portal, installation and support, business management, and sales, marketing and training. The Company is also engaged in the design and manufacturing of various types of hardware, including cellular communication modules, image sensor, video cameras and smart thermostat.