Alarm.com (NASDAQ:ALRM) Stock Rating Upgraded by StockNews.com

Alarm.com (NASDAQ:ALRM) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other research firms have also recently weighed in on ALRM. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Jefferies Financial Group initiated coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. Roth Mkm dropped their price target 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. The Goldman Sachs Group increased their price target on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Barclays increased their price target on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $64.40.

Alarm.com Stock Up 0.2 %

NASDAQ ALRM opened at $67.86 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. The firm has a 50-day simple moving average of $59.66 and a 200 day simple moving average of $60.66. Alarm.com has a twelve month low of $51.87 and a twelve month high of $77.29. The stock has a market cap of $3.35 billion, a PE ratio of 29.38, a PEG ratio of 4.08 and a beta of 0.97.

Insider Transactions at Alarm.com

In related news, CEO Stephen Trundle sold 47,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total value of $3,238,550.00. Following the completion of the sale, the chief executive officer now owns 252,682 shares of the company’s stock, valued at $17,227,858.76. This trade represents a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen C. Evans sold 2,625 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the completion of the sale, the director now directly owns 5,767 shares of the company’s stock, valued at approximately $344,116.89. This represents a 31.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,976 shares of company stock valued at $5,576,490. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Alarm.com

A number of hedge funds and other institutional investors have recently bought and sold shares of ALRM. Louisiana State Employees Retirement System boosted its position in shares of Alarm.com by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the software maker’s stock worth $1,608,000 after purchasing an additional 500 shares in the last quarter. Argent Capital Management LLC boosted its position in shares of Alarm.com by 60.0% during the second quarter. Argent Capital Management LLC now owns 4,437 shares of the software maker’s stock worth $282,000 after purchasing an additional 1,664 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Alarm.com by 15.8% during the second quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker’s stock worth $30,051,000 after purchasing an additional 64,424 shares in the last quarter. nVerses Capital LLC boosted its position in shares of Alarm.com by 4,300.0% during the second quarter. nVerses Capital LLC now owns 4,400 shares of the software maker’s stock worth $280,000 after purchasing an additional 4,300 shares in the last quarter. Finally, Versor Investments LP lifted its position in Alarm.com by 22.6% in the 2nd quarter. Versor Investments LP now owns 14,530 shares of the software maker’s stock valued at $923,000 after acquiring an additional 2,679 shares in the last quarter. 91.74% of the stock is owned by institutional investors.

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.