Alarm.com Holdings, Inc. (NASDAQ:ALRM) Given Average Rating of “Hold” by Brokerages

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $64.40.

ALRM has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Roth Mkm cut their price objective on 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 began coverage on Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price for the company. Barclays boosted 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 note on Friday, November 8th. Finally, StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th.

Insider Buying and Selling

In other Alarm.com news, 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 transaction, the chief executive officer now directly owns 252,682 shares of the company’s stock, valued at approximately $17,227,858.76. The trade was a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen C. Evans sold 2,625 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total value of $156,633.75. Following the completion of the transaction, the director now owns 5,767 shares in the company, valued at $344,116.89. The trade was a 31.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,976 shares of company stock worth $5,576,490 in the last 90 days. 5.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alarm.com

Large investors have recently modified their holdings of the business. Centaurus Financial Inc. increased its stake in Alarm.com by 3.7% in the 3rd quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker’s stock valued at $12,937,000 after buying an additional 8,456 shares during the last quarter. Squarepoint Ops LLC lifted its stake in Alarm.com by 630.1% in the second quarter. Squarepoint Ops LLC now owns 97,847 shares of the software maker’s stock valued at $6,217,000 after acquiring an additional 84,445 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Alarm.com by 369.7% in the 3rd quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker’s stock valued at $3,802,000 after acquiring an additional 54,738 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Alarm.com during the 3rd quarter worth about $1,322,000. Finally, Atomi Financial Group Inc. bought a new stake in shares of Alarm.com in the 4th quarter valued at about $259,000. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Stock Down 0.9 %

Alarm.com stock opened at $60.67 on Monday. Alarm.com has a twelve month low of $51.87 and a twelve month high of $77.29. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. The firm has a market cap of $3.00 billion, a PE ratio of 26.26, a P/E/G ratio of 3.69 and a beta of 0.98. The firm’s 50 day moving average price is $63.20 and its two-hundred day moving average price is $60.30.

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.