Alarm.com (NASDAQ:ALRM) Receives New Coverage from Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Alarm.com (NASDAQ:ALRM) in a report issued on Friday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $64.00 price target on the software maker’s stock.

Other equities research analysts have also recently issued research reports about the company. William Blair raised Alarm.com to a hold rating in a report on Thursday, May 9th. Barclays dropped their target price on Alarm.com from $78.00 to $72.00 and set an equal weight rating on the stock in a report on Thursday, July 11th. Finally, StockNews.com cut Alarm.com from a buy rating to a hold rating in a report on Thursday, September 5th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $69.00.

Alarm.com Stock Performance

ALRM opened at $55.41 on Friday. The business’s 50 day moving average is $63.41 and its 200-day moving average is $66.53. The stock has a market cap of $2.73 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 3.30 and a beta of 0.90. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52. Alarm.com has a twelve month low of $49.70 and a twelve month high of $77.29.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. The company had revenue of $233.80 million for the quarter, compared to analysts’ expectations of $227.35 million. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. On average, analysts predict that Alarm.com will post 1.4 earnings per share for the current year.

Insiders Place Their Bets

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the transaction, the insider now owns 41,100 shares in the company, valued at $2,540,391. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,260,125. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the transaction, the insider now owns 41,100 shares in the company, valued at $2,540,391. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Alarm.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALRM. Norges Bank purchased a new position in Alarm.com during the 4th quarter worth approximately $33,277,000. Bank of Montreal Can grew its position in Alarm.com by 2,394.6% during the 2nd quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock worth $17,406,000 after purchasing an additional 262,757 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its position in Alarm.com by 6.2% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker’s stock worth $172,257,000 after purchasing an additional 158,465 shares in the last quarter. Federated Hermes Inc. grew its position in Alarm.com by 1,729.4% during the 2nd quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker’s stock worth $7,512,000 after purchasing an additional 111,768 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Alarm.com by 1,027.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 117,076 shares of the software maker’s stock valued at $7,439,000 after acquiring an additional 106,693 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.