Alarm.com (NASDAQ:ALRM) Shares Gap Up Following Analyst Upgrade

Alarm.com Holdings, Inc. (NASDAQ:ALRM) gapped up prior to trading on Friday after The Goldman Sachs Group raised their price target on the stock from $64.00 to $67.00. The stock had previously closed at $57.14, but opened at $65.90. The Goldman Sachs Group currently has a neutral rating on the stock. Alarm.com shares last traded at $63.48, with a volume of 45,088 shares changing hands.

Several other equities research analysts also recently weighed in on the company. Roth Mkm cut their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Barclays decreased their price target on Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, Jefferies Financial Group started coverage on Alarm.com in a report on Tuesday. They issued a “buy” rating and a $65.00 target price for the company. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $67.00.

Insider Buying and Selling at Alarm.com

In related news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,260,125. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the business’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 $2,260,125. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was 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 of the company’s stock, valued at $2,540,391. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Oakworth Capital Inc. purchased a new position in shares of Alarm.com during the third quarter valued at $38,000. Huntington National Bank boosted its holdings in Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after acquiring an additional 367 shares during the period. Point72 DIFC Ltd increased its stake in shares of Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after purchasing an additional 1,101 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Alarm.com during the 2nd quarter worth about $108,000. Finally, CWM LLC increased its position in Alarm.com by 42.0% in the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after buying an additional 618 shares during the period. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Stock Up 11.1 %

The firm has a 50-day moving average price of $54.73 and a two-hundred day moving average price of $61.39. The company has a market capitalization of $3.13 billion, a P/E ratio of 32.06, a PEG ratio of 3.25 and a beta of 0.90. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Thursday, August 8th. The software maker reported $0.58 EPS for the quarter, topping the consensus estimate of $0.49 by $0.09. The business had revenue of $233.80 million during the quarter, compared to the consensus estimate of $227.35 million. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. Alarm.com’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. Equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.4 EPS for the current fiscal year.

About Alarm.com

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.