Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives $64.40 Consensus PT from Brokerages

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $64.40.

A number of research analysts recently weighed in on the company. Barclays raised their price objective on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 price objective (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. The Goldman Sachs Group lifted their target price on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Jefferies Financial Group initiated coverage on shares of Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target for the company. Finally, StockNews.com cut Alarm.com from a “buy” rating to a “hold” rating in a research report on Monday, November 11th.

Insiders Place Their Bets

In other news, CFO Steve Valenzuela sold 7,400 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. This trade represents a 16.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the sale, the insider now directly owns 41,100 shares in the company, valued at approximately $2,540,391. The trade was a 18.74 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of Alarm.com

Several institutional investors have recently bought and sold shares of the stock. Oakworth Capital Inc. bought a new position in shares of Alarm.com during the third quarter valued at $38,000. Quarry LP increased its position in shares of Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock worth $39,000 after purchasing an additional 525 shares in the last quarter. Huntington National Bank lifted its holdings in 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 during the last quarter. Point72 DIFC Ltd grew its stake in Alarm.com by 293.6% during the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after buying an additional 1,101 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Alarm.com in the second quarter valued at approximately $108,000. Institutional investors and hedge funds own 91.74% of the company’s stock.

Alarm.com Price Performance

NASDAQ ALRM opened at $59.76 on Wednesday. Alarm.com has a fifty-two week low of $51.87 and a fifty-two week high of $77.29. The stock’s 50-day moving average is $55.28 and its two-hundred day moving average is $61.00. The firm has a market cap of $2.95 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 4.08 and a beta of 0.90. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20.

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.