Cluster size is negligible — not a signal of insider bearishness. With strong SaaS revenue growth and raised guidance, the selling pattern is likely liquidity/10b5-1 driven. Monitor Q2 2026 earnings for SaaS revenue tracking toward the $750M guidance range; no immediate trading action warranted.
Price Chart
Executive Summary
Three insiders at Alarm.com, including CEO Stephen Trundle, sold a total of ~$280K in open-market sales on May 18, 2026, clustered 13 days after the Q1 2026 earnings release. The cluster value represents ~0.013% of the $2.2B market cap — well below the 0.1% triviality threshold. Despite being a CEO-led cluster, the dollar amount is noise relative to company size. Q1 2026 earnings showed 11% total revenue growth and strong cash flow but GAAP net income declined 15.5% YoY; provided SaaS revenue guidance was raised modestly.
Key Financial Metrics
Key Facts
- CEO Stephen Trundle sold $128K, Daniel Ramos sold $68K, Daniel Kerzner sold $83K — all open-market sales on the same day ($43.56/share)
- Cluster total value ~$280K represents ~0.013% of market cap — trivial and routine
- Sales occurred 13 days after Q1 2026 earnings (May 7): SaaS revenue +10.8%, total revenue +11.0%, GAAP net income -15.5% YoY
- Full-year 2026 SaaS revenue guidance raised by $6M midpoint to ~$750M
- Prior 30d saw 3 additional sells totaling $280K, indicating consistent selling pattern
Financial Impact
Insider sales of ~$280K total — 0.013% of $2.2B market cap; no material financial impact to the company
Risk Factors
- GAAP net income declined 15.5% YoY; if earnings pressure persists, insider selling cadence may accelerate
- Cash balance decreased from $960M to $497M after $500M convertible note settlement; liquidity is still strong but warrants watching
- Low absolute dollar cluster means this filing alone has no predictive value
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ALRM-1779309058405 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 20, 2026 22w ago | Insider Cluster | $43.72 $55.00 | ▲ +25.80% | ▲ +21.50% | $64.33 (+47.14%) |
May 18, 2026 23w ago | 144 | $43.47 $55.79 | ▲ +28.34% | ▲ +22.05% | $64.33 (+47.99%) |
Mar 18, 2026 31w ago | Insider Cluster | $46.06 $46.41 | ▼ −0.76% | ▲ +10.77% | $64.33 (−39.67%) |
US Market Status
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