Alarm.com (NASDAQ:ALRM) Cut to Hold at StockNews.com

Alarm.com (NASDAQ:ALRM) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other research analysts have also issued reports on ALRM. The Goldman Sachs Group raised their target price on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Barclays raised their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Roth Mkm dropped their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Finally, Jefferies Financial Group assumed coverage on Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $64.40.

Alarm.com Trading Down 0.3 %

Shares of ALRM stock traded down $0.21 on Tuesday, reaching $68.06. 350,923 shares of the stock were exchanged, compared to its average volume of 376,928. 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 has a one year low of $51.87 and a one year high of $77.29. The stock has a market cap of $3.36 billion, a PE ratio of 29.46, a P/E/G ratio of 4.10 and a beta of 0.97. The stock has a 50 day moving average price of $58.46 and a 200 day moving average price of $60.63.

Insider Activity

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction that occurred 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 transaction, the director now owns 5,767 shares of the company’s stock, valued at approximately $344,116.89. The trade was a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alarm.com

A number of hedge funds and other institutional investors have recently made changes to their positions in ALRM. SG Americas Securities LLC boosted its position in Alarm.com by 584.7% during the 2nd quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock worth $1,472,000 after acquiring an additional 19,785 shares during the last quarter. Centaurus Financial Inc. grew its position in Alarm.com by 3.7% in the third quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker’s stock valued at $12,937,000 after purchasing an additional 8,456 shares in the last quarter. Hsbc Holdings PLC increased its stake in Alarm.com by 312.9% in the 2nd quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker’s stock valued at $1,399,000 after buying an additional 16,625 shares during the last quarter. MQS Management LLC acquired a new stake in Alarm.com in the 2nd quarter valued at $599,000. Finally, Squarepoint Ops LLC lifted its position in Alarm.com by 630.1% during the 2nd quarter. Squarepoint Ops LLC now owns 97,847 shares of the software maker’s stock worth $6,217,000 after buying an additional 84,445 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

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.