Alarm.com (NASDAQ:ALRM) Coverage Initiated at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Alarm.com (NASDAQ:ALRM) in a research report released on Tuesday morning, Marketbeat reports. The firm issued a buy rating and a $65.00 price target on the software maker’s stock.

A number of other research firms have also recently weighed in on ALRM. The Goldman Sachs Group initiated coverage on Alarm.com in a research note on Friday, September 6th. They issued a “neutral” rating and a $64.00 price target on the stock. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Barclays dropped their price target on Alarm.com from $72.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Finally, Roth Mkm lowered their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Alarm.com presently has a consensus rating of “Hold” and a consensus target price of $66.40.

Alarm.com Trading Down 1.5 %

Shares of Alarm.com stock opened at $57.14 on Tuesday. Alarm.com has a 12-month low of $51.19 and a 12-month high of $77.29. The stock has a market cap of $2.81 billion, a P/E ratio of 28.43, a P/E/G 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. The business’s 50 day moving average is $54.73 and its 200-day moving average is $61.39.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The company had revenue of $233.80 million for the quarter, compared to analysts’ expectations of $227.35 million. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts predict that Alarm.com will post 1.4 earnings per share for the current fiscal year.

Insider Transactions at Alarm.com

In other news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction 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 directly owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the sale, the insider now directly owns 41,100 shares of the company’s stock, valued at $2,540,391. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $445,998.00. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,260,125. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Institutional Trading of Alarm.com

Several large investors have recently bought and sold shares of ALRM. Oakworth Capital Inc. bought a new position in Alarm.com in the third quarter valued at about $38,000. Huntington National Bank raised its position in Alarm.com by 52.4% in the third 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 raised its position in Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after purchasing an additional 1,101 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Alarm.com in the second quarter valued at about $108,000. Finally, CWM LLC raised its position in Alarm.com by 42.0% in the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after purchasing an additional 618 shares during the last quarter. 91.74% of the stock is 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.