Alarm.com (NASDAQ:ALRM) Downgraded by StockNews.com

StockNews.com lowered shares of Alarm.com (NASDAQ:ALRM) from a buy rating to a hold rating in a research report sent to investors on Thursday.

Other equities research analysts have also recently issued reports about the stock. Barclays reduced their price target on shares of Alarm.com from $78.00 to $72.00 and set an equal weight rating for the company in a research report on Thursday, July 11th. William Blair raised Alarm.com to a hold rating in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $70.67.

Alarm.com Trading Down 0.6 %

NASDAQ:ALRM opened at $57.88 on Thursday. Alarm.com has a 1 year low of $49.70 and a 1 year high of $77.29. The stock has a market cap of $2.90 billion, a P/E ratio of 34.25, a P/E/G ratio of 3.59 and a beta of 0.92. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25. The stock has a 50-day simple moving average of $63.73 and a 200-day simple moving average of $66.77.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The firm had revenue of $233.80 million during the quarter, compared to the consensus estimate of $227.35 million. During the same period in the prior year, the company posted $0.33 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that Alarm.com will post 1.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the sale, the chief financial officer now owns 37,500 shares in the company, valued at $2,260,125. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction that occurred 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. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel Ramos sold 9,476 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the sale, the insider now directly owns 41,100 shares of the company’s stock, valued at $2,540,391. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in Alarm.com by 584.7% during the 2nd quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock worth $1,472,000 after purchasing an additional 19,785 shares during the period. Sei Investments Co. raised its position in Alarm.com by 8.6% in the first quarter. Sei Investments Co. now owns 149,464 shares of the software maker’s stock worth $10,831,000 after acquiring an additional 11,776 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Alarm.com by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,078,887 shares of the software maker’s stock valued at $69,715,000 after acquiring an additional 16,704 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Alarm.com by 78.8% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 95,300 shares of the software maker’s stock worth $6,158,000 after purchasing an additional 42,000 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Alarm.com during the 1st quarter worth $544,000. 91.74% of the stock is owned by hedge funds and other 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.