Brokerages Set Alarm.com Holdings, Inc. (NASDAQ:ALRM) Target Price at $64.40

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $64.40.

ALRM has been the topic of several research reports. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group lifted their price objective on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Jefferies Financial Group assumed 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. Roth Mkm cut their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Barclays boosted their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th.

Alarm.com Stock Performance

Shares of NASDAQ ALRM opened at $60.37 on Thursday. The firm’s 50-day moving average price is $62.06 and its 200-day moving average price is $60.63. Alarm.com has a 52-week low of $51.87 and a 52-week high of $77.29. The company has a market cap of $2.98 billion, a PE ratio of 26.13, a PEG ratio of 4.08 and a beta of 0.98. 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 Transactions at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 47,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the completion of the transaction, the chief executive officer now owns 252,682 shares in the company, valued at $17,227,858.76. The trade was a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Kerzner sold 32,851 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the completion of the transaction, the insider now directly owns 59,668 shares in the company, valued at $3,961,955.20. This represents a 35.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,976 shares of company stock valued at $5,576,490 over the last 90 days. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Alarm.com

Several large investors have recently modified their holdings of ALRM. GAMMA Investing LLC boosted its position in shares of Alarm.com by 29.5% in the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after purchasing an additional 238 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in Alarm.com by 6.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock worth $157,168,000 after purchasing an additional 163,851 shares during the period. Barclays PLC lifted its position in shares of Alarm.com by 323.2% during the 3rd quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock valued at $4,997,000 after buying an additional 69,804 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Alarm.com during the third quarter worth about $1,322,000. Finally, XTX Topco Ltd raised its holdings in shares of Alarm.com by 15.5% during the third quarter. XTX Topco Ltd now owns 6,529 shares of the software maker’s stock valued at $357,000 after acquiring an additional 877 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

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.