Alarm.com (NASDAQ:ALRM) Cut to Hold at StockNews.com

StockNews.com lowered shares of Alarm.com (NASDAQ:ALRM) from a buy rating to a hold rating in a research note released on Tuesday morning.

Several other brokerages have also recently weighed in on ALRM. Jefferies Financial Group initiated coverage on Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Barclays increased their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Roth Mkm decreased their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group boosted their price objective on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $64.40.

Alarm.com Stock Performance

NASDAQ ALRM opened at $67.10 on Tuesday. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 4.10 and a beta of 0.97. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. Alarm.com has a twelve month low of $51.87 and a twelve month high of $77.29. The stock has a fifty day simple moving average of $59.06 and a 200 day simple moving average of $60.73.

Insider Activity

In related news, Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the completion of the sale, the director now owns 5,767 shares of the company’s stock, valued at approximately $344,116.89. This trade represents a 31.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Trundle sold 47,500 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total value of $3,238,550.00. Following the completion of the sale, the chief executive officer now owns 252,682 shares in the company, valued at $17,227,858.76. This represents a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Parkside Financial Bank & Trust grew its position in shares of Alarm.com by 8.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after purchasing an additional 183 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Alarm.com by 1.8% in the second quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after buying an additional 232 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Alarm.com by 4.6% during the 2nd quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock worth $381,000 after acquiring an additional 266 shares during the period. Nicolet Advisory Services LLC boosted its holdings in Alarm.com by 6.0% in the 3rd quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker’s stock valued at $250,000 after purchasing an additional 272 shares during the period. Finally, Huntington National Bank grew its position in shares of Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after purchasing an additional 367 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Alarm.com Company Profile

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.