Alarm.com (NASDAQ:ALRM) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Alarm.com (NASDAQ:ALRM) from a buy rating to a hold rating in a report published on Monday morning.

A number of other brokerages also recently issued reports on ALRM. Barclays raised their price target on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday. The Goldman Sachs Group boosted their price target on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday. Roth Mkm dropped their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Jefferies Financial Group started coverage on Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. Finally, 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 research report on Monday. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $64.40.

Alarm.com Price Performance

Shares of NASDAQ ALRM opened at $61.37 on Monday. The firm has a market cap of $3.02 billion, a P/E ratio of 26.57, a PEG ratio of 3.81 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 has a twelve month low of $51.87 and a twelve month high of $77.29. The company has a 50 day moving average of $54.85 and a 200 day moving average of $61.29.

Insider Transactions at Alarm.com

In related news, 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 sale, the insider now owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the sale, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,260,125. The trade was a 0.00 % 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

Large investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp grew its holdings in shares of Alarm.com by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 43,749 shares of the software maker’s stock valued at $3,170,000 after purchasing an additional 585 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Alarm.com by 15.2% in the 1st quarter. SG Americas Securities LLC now owns 3,384 shares of the software maker’s stock worth $245,000 after buying an additional 446 shares in the last quarter. Swiss National Bank increased its holdings in shares of Alarm.com by 0.3% in the 1st quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock worth $6,790,000 after buying an additional 300 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Alarm.com during the 1st quarter valued at about $544,000. Finally, Sei Investments Co. lifted its holdings in shares of Alarm.com by 8.6% in the 1st quarter. Sei Investments Co. now owns 149,464 shares of the software maker’s stock valued at $10,831,000 after acquiring an additional 11,776 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

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.