Roth Mkm Cuts Alarm.com (NASDAQ:ALRM) Price Target to $73.00

Alarm.com (NASDAQ:ALRM) had its price objective reduced by Roth Mkm from $78.00 to $73.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the software maker’s stock.

ALRM has been the topic of several other research reports. Barclays lowered 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 report on Monday, October 7th. The Goldman Sachs Group began coverage on shares of Alarm.com in a report on Friday, September 6th. They set a neutral rating and a $64.00 price objective for the company. Finally, StockNews.com upgraded shares of Alarm.com from a hold rating to a buy rating in a research note on Friday, September 13th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $66.75.

Alarm.com Stock Performance

NASDAQ:ALRM opened at $53.85 on Wednesday. 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 50-day moving average price of $57.14 and a 200 day moving average price of $63.30. The firm has a market capitalization of $2.65 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90. Alarm.com has a 12-month low of $49.70 and a 12-month high of $77.29.

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

Insider Buying and Selling at Alarm.com

In other 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 transaction, the insider now directly owns 41,100 shares in the company, valued at approximately $2,540,391. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Daniel Ramos sold 9,476 shares of the business’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 value of $585,711.56. Following the completion of the transaction, the insider now owns 41,100 shares in the company, valued at $2,540,391. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction 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 directly owns 37,500 shares in the company, valued at approximately $2,260,125. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of Alarm.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALRM. First PREMIER Bank bought a new position in shares of Alarm.com in the 1st quarter valued at about $30,000. Point72 DIFC Ltd lifted its holdings in Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after buying an additional 1,101 shares during the period. Canada Pension Plan Investment Board bought a new position in Alarm.com in the second quarter valued at approximately $108,000. CWM LLC grew its holdings in Alarm.com by 42.0% during the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after acquiring an additional 618 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in shares of Alarm.com by 8.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after acquiring an additional 183 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

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.