Barclays Issues Positive Forecast for Alarm.com (NASDAQ:ALRM) Stock Price

Alarm.com (NASDAQ:ALRM) had its price objective lifted by Barclays from $60.00 to $67.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an equal weight rating on the software maker’s stock.

Several other research analysts also recently issued reports on the stock. Roth Mkm reduced 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 report on Wednesday, October 9th. Jefferies Financial Group assumed coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price for the company. The Goldman Sachs Group increased their price target on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday. Finally, StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Alarm.com currently has a consensus rating of “Hold” and an average target price of $64.40.

Alarm.com Stock Down 3.4 %

NASDAQ ALRM opened at $61.37 on Friday. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52. The stock’s 50 day moving average is $54.85 and its two-hundred day moving average is $61.29. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 3.81 and a beta of 0.90. Alarm.com has a 1-year low of $51.87 and a 1-year high of $77.29.

Insider Activity at Alarm.com

In other news, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the transaction, the chief financial officer now owns 37,500 shares of the company’s stock, valued at $2,260,125. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was 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 of the company’s stock, valued at $2,260,125. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the insider now directly owns 41,100 shares in the company, valued at $2,540,391. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Institutional Trading of Alarm.com

A number of large investors have recently made changes to their positions in ALRM. GSA Capital Partners LLP bought a new position in shares of Alarm.com during the 1st quarter valued at about $597,000. Texas Permanent School Fund Corp increased its position in shares of Alarm.com by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 43,749 shares of the software maker’s stock worth $3,170,000 after acquiring an additional 585 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Alarm.com by 15.2% during the first quarter. SG Americas Securities LLC now owns 3,384 shares of the software maker’s stock worth $245,000 after acquiring an additional 446 shares during the period. Illinois Municipal Retirement Fund increased its holdings in Alarm.com by 3.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 29,304 shares of the software maker’s stock worth $2,124,000 after purchasing an additional 887 shares in the last quarter. Finally, Swiss National Bank raised its stake 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 valued at $6,790,000 after purchasing an additional 300 shares during the period. 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.