Alarm.com (NASDAQ:ALRM) Lowered to Hold Rating by StockNews.com

Alarm.com (NASDAQ:ALRM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Several other analysts have also issued reports on ALRM. Roth Mkm lowered their target price on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Barclays boosted their price objective on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. The Goldman Sachs Group increased their target price 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. Jefferies Financial Group assumed 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 on the stock. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 price objective (down from $65.00) on shares of Alarm.com in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $64.40.

Alarm.com Trading Down 1.4 %

Shares of ALRM stock opened at $60.50 on Monday. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52. The firm has a market cap of $2.98 billion, a P/E ratio of 26.19, a PEG ratio of 3.81 and a beta of 0.90. The company has a 50 day moving average of $54.90 and a 200-day moving average of $61.25. Alarm.com has a 12-month low of $51.87 and a 12-month high of $77.29.

Insider Activity

In related news, insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the sale, the insider now owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the transaction, the chief financial officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 41,100 shares in the company, valued at $2,540,391. This 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 company insiders.

Hedge Funds Weigh In On Alarm.com

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its stake in Alarm.com by 584.7% in the second quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock valued at $1,472,000 after acquiring an additional 19,785 shares during the last quarter. Sei Investments Co. boosted its stake 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 buying an additional 11,776 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Alarm.com during the first quarter valued at approximately $544,000. UniSuper Management Pty Ltd purchased a new position in shares of Alarm.com during the first quarter worth approximately $759,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Alarm.com by 36.8% in the 1st quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock worth $2,379,000 after acquiring an additional 8,843 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

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.