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

Alarm.com Holdings, Inc. (NASDAQ:ALRM)’s stock price gapped up before the market opened on Friday after Barclays raised their price target on the stock from $60.00 to $67.00. The stock had previously closed at $57.14, but opened at $65.90. Barclays currently has an equal weight rating on the stock. Alarm.com shares last traded at $63.48, with a volume of 45,088 shares traded.

Other equities analysts have also issued research reports about the stock. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. The Goldman Sachs Group lifted their target price on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday. Roth Mkm reduced their price target 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. Finally, Jefferies Financial Group initiated coverage on Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $68.40.

Insiders Place Their Bets

In other news, insider Daniel Ramos sold 9,476 shares of the business’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 transaction, the insider now directly owns 41,100 shares of the company’s stock, valued at $2,540,391. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,260,125. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel Ramos sold 9,476 shares of Alarm.com 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 sale, the insider now owns 41,100 shares of the company’s stock, valued at $2,540,391. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. raised its holdings in shares of Alarm.com by 122.9% during the third quarter. Landscape Capital Management L.L.C. now owns 18,342 shares of the software maker’s stock valued at $1,003,000 after purchasing an additional 10,114 shares during the period. Intech Investment Management LLC bought a new stake in Alarm.com in the 3rd quarter valued at about $811,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Alarm.com by 26.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,394 shares of the software maker’s stock valued at $9,151,000 after buying an additional 35,491 shares in the last quarter. Jennison Associates LLC raised its stake in Alarm.com by 75.2% during the 3rd quarter. Jennison Associates LLC now owns 13,118 shares of the software maker’s stock worth $717,000 after buying an additional 5,632 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in Alarm.com by 2.3% in the third quarter. Thrivent Financial for Lutherans now owns 42,635 shares of the software maker’s stock worth $2,330,000 after acquiring an additional 971 shares in the last quarter. 91.74% of the stock is owned by institutional investors.

Alarm.com Stock Up 11.1 %

The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 3.49 and a beta of 0.90. The stock has a 50 day simple moving average of $54.81 and a 200 day simple moving average of $61.35. 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 announced its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. The business had revenue of $233.80 million during the quarter, compared to analyst estimates of $227.35 million. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. Alarm.com’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. As a group, analysts expect that Alarm.com Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.

Alarm.com Company Profile

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.