Alarm.com’s (ALRM) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their underweight rating on shares of Alarm.com (NASDAQ:ALRM) in a research note issued to investors on Monday, MarketBeat reports. They currently have a $50.00 price target on the software maker’s stock, down from their prior price target of $65.00.

A number of other research analysts also recently issued reports on the company. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. The Goldman Sachs Group boosted their target price on 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 target on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Jefferies Financial Group began coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, Roth Mkm decreased their price objective on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $64.40.

Alarm.com Price Performance

Shares of Alarm.com stock opened at $60.95 on Monday. The company’s fifty day simple moving average is $54.95 and its two-hundred day simple moving average is $61.25. Alarm.com has a 12-month low of $51.87 and a 12-month high of $77.29. The firm has a market cap of $3.01 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 4.24 and a beta of 0.90. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42.

Insider Buying and Selling

In related news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Daniel Ramos sold 9,476 shares of the firm’s 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 completion of the transaction, the insider now owns 41,100 shares of the company’s stock, valued at $2,540,391. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of the business’s 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 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 owned by insiders.

Institutional Trading of Alarm.com

Institutional investors and hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in shares of Alarm.com by 230.6% during the third quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock valued at $20,844,000 after buying an additional 265,936 shares during the last quarter. Bank of Montreal Can lifted its position in Alarm.com by 2,394.6% in the 2nd quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock valued at $17,406,000 after acquiring an additional 262,757 shares in the last quarter. M&G PLC purchased a new stake in Alarm.com during the 3rd quarter valued at $9,583,000. Disciplined Growth Investors Inc. MN increased its holdings in shares of Alarm.com by 6.2% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker’s stock worth $172,257,000 after purchasing an additional 158,465 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Alarm.com by 1,729.4% in the second quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker’s stock worth $7,512,000 after purchasing an additional 111,768 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

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.