Analysts Set Alarm.com Holdings, Inc. (NASDAQ:ALRM) PT at $64.40

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has received a consensus rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. One equities research 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 1-year price target among analysts that have covered the stock in the last year is $64.40.

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group lifted their price objective on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Barclays boosted 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. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. Jefferies Financial Group assumed coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th.

Insider Buying and Selling at Alarm.com

In related news, CEO Stephen Trundle sold 47,500 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 252,682 shares in the company, valued at $17,227,858.76. This represents a 15.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the completion of the transaction, the director now directly owns 5,767 shares in the company, valued at $344,116.89. This trade represents a 31.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,976 shares of company stock worth $5,576,490 over the last ninety days. Insiders own 5.60% of the company’s stock.

Institutional Trading of Alarm.com

A number of institutional investors have recently made changes to their positions in ALRM. Disciplined Growth Investors Inc. MN raised its holdings in Alarm.com by 6.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock valued at $157,168,000 after buying an additional 163,851 shares during the last quarter. Geneva Capital Management LLC raised its stake in shares of Alarm.com by 0.8% during the third quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker’s stock valued at $71,480,000 after acquiring an additional 10,630 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Alarm.com by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker’s stock valued at $73,889,000 after acquiring an additional 42,281 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Alarm.com by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock worth $28,513,000 after purchasing an additional 7,567 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Alarm.com by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker’s stock worth $30,051,000 after purchasing an additional 64,424 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Price Performance

Alarm.com stock opened at $60.48 on Thursday. The company’s 50 day moving average price is $62.27 and its two-hundred day moving average price is $60.60. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. Alarm.com has a 52 week low of $51.87 and a 52 week high of $77.29. The stock has a market cap of $2.99 billion, a P/E ratio of 26.18, a P/E/G ratio of 4.08 and a beta of 0.98.

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.