Insider Selling: Alarm.com Holdings, Inc. (NASDAQ:ALRM) CFO Sells $533,633.22 in Stock

Alarm.com Holdings, Inc. NASDAQALRM is a publicly traded company that provides cloud-based home security and automation services. The company's stock is listed on the NASDAQ Global Select Market under the ticker symbol ALRM.

On Thursday, February 29th, the company's CFO, Steve Valenzuela, sold 7,083 shares of the firm's stock in a transaction that occurred on the NASDAQ Global Select Market. The stock was sold at an average price of $75.34, for a total value of $533,633.22.

Following the sale, the chief financial officer now directly owns 37,500 shares of the company's stock. It is important to note that insider selling can have an impact on the price of a company's stock, as it may indicate that the insider has knowledge or access to information that is not available to the public. However, it is also important to consider the context and reasons behind the sale, as well as any potential conflicts of interest that may exist.