The Goldman Sachs Group Issues Positive Forecast for Alarm.com (NASDAQ:ALRM) Stock Price

Alarm.com (NASDAQ:ALRM) had its target price increased by The Goldman Sachs Group from $64.00 to $67.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the software maker’s stock.

Several other research firms have also recently weighed in on ALRM. Roth Mkm lowered their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Barclays cut their target price on shares of Alarm.com from $72.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Jefferies Financial Group initiated coverage on shares of Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target on the stock. Finally, StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. One equities 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 company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Trading Down 3.4 %

Alarm.com stock opened at $61.37 on Friday. The firm has a 50-day moving average of $54.85 and a 200-day moving average of $61.29. Alarm.com has a one year low of $51.87 and a one year high of $77.29. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 3.81 and a beta of 0.90.

Insider Buying and Selling

In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction on Thursday, August 22nd. The shares were 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 approximately $2,260,125. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction on Thursday, August 22nd. The shares were 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 approximately $2,260,125. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the sale, the insider now directly owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. The trade was 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its holdings in Alarm.com by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after purchasing an additional 183 shares during the last quarter. Arizona State Retirement System boosted its holdings in Alarm.com by 1.8% during the second quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after purchasing an additional 232 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Alarm.com by 4.6% during the second quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock worth $381,000 after purchasing an additional 266 shares during the last quarter. Swiss National Bank boosted its stake in Alarm.com by 0.3% in the first quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock valued at $6,790,000 after acquiring an additional 300 shares during the last quarter. Finally, Huntington National Bank boosted its stake in Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after acquiring an additional 367 shares during the last quarter. 91.74% of the stock is currently owned by hedge funds and other 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.