Alarm.com Holdings, Inc. (NASDAQ:ALRM) Given Average Rating of “Hold” by Brokerages

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

A number of analysts have recently weighed in on the company. Jefferies Financial Group began coverage on Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price for the company. StockNews.com cut shares of Alarm.com from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. The Goldman Sachs Group upped 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. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Finally, Barclays upped their price objective on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th.

Insider Activity at Alarm.com

In other news, insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the sale, the insider now directly owns 41,100 shares of the company’s stock, valued at $2,540,391. This represents a 18.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,260,125. The trade was a 16.48 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alarm.com

Large investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in shares of Alarm.com by 230.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock valued at $20,844,000 after buying an additional 265,936 shares during the period. Bank of Montreal Can lifted its holdings in Alarm.com by 2,394.6% during the second quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock worth $17,406,000 after acquiring an additional 262,757 shares in the last quarter. M&G PLC acquired a new position in Alarm.com in the third quarter valued at about $9,583,000. Disciplined Growth Investors Inc. MN increased its holdings in shares of Alarm.com by 6.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock worth $157,168,000 after acquiring an additional 163,851 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Alarm.com by 1,729.4% during the second quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker’s stock worth $7,512,000 after purchasing an additional 111,768 shares during the period. Institutional investors own 91.74% of the company’s stock.

Alarm.com Trading Down 0.1 %

ALRM stock opened at $59.85 on Wednesday. The business has a fifty day moving average price of $55.09 and a 200 day moving average price of $61.11. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. Alarm.com has a fifty-two week low of $51.87 and a fifty-two week high of $77.29. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 4.08 and a beta of 0.90.

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.