According to recent Securities and Exchange Commission filings, two top executives at Alarm.com have sold nearly $2 million in stocks and options over the last few weeks.
SEC filings from May 26 show that Daniel Ramos, senior vice president for corporate development, Alarm.com, sold 40,000 shares of company stock for $32.40 per share, for a total sale amount of $1.296 million.
Jean-Paul Martin, chief technology office, Alarm.com, used options to purchase 20,000 shares of stock for 41 cents per share and sold them for $32.11 each, per SEC filings from June 2.
This should come as no surprise as the smart security and automation company has been riding high as of late.
Last month, Alarm.com announced it had bested wall street estimates, reporting revenue of $74.2 million in the first quarter.
The company posted revenue of $69.8 million in Q4, which also beat analyst forecasts. Five analysts surveyed by Zacks projected $64 million.
Earlier this year, the company acquired video analytics specialist ObjectVideo as well as former competitor Icontrol, although not without a fight from Honeywell.
Next: Comcast to Compete with Alarm.com, Offering Dealers ‘Aggressive’ Pricing
