Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives Average Recommendation of “Hold” from Analysts

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $64.40.

A number of research firms recently commented on ALRM. The Goldman Sachs Group raised their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. StockNews.com cut Alarm.com from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Barclays upped their price objective on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 target price (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Finally, Jefferies Financial Group assumed coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company.

Alarm.com Stock Performance

Shares of ALRM opened at $59.76 on Wednesday. Alarm.com has a 52-week low of $51.87 and a 52-week high of $77.29. The firm has a market capitalization of $2.95 billion, a PE ratio of 25.87, a P/E/G ratio of 4.08 and a beta of 0.90. The firm has a 50-day moving average price of $55.28 and a 200 day moving average price of $61.00. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42.

Insiders Place Their Bets

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 transaction, the insider now owns 41,100 shares in the company, valued at $2,540,391. This represents a 18.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steve Valenzuela sold 7,400 shares of the 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 completion of the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,260,125. This trade represents a 16.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of Alarm.com

Several hedge funds and other institutional investors have recently modified their holdings of the company. Disciplined Growth Investors Inc. MN grew its stake in 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 valued at $157,168,000 after purchasing an additional 163,851 shares in the last quarter. Barclays PLC lifted its holdings in shares of Alarm.com by 323.2% during the 3rd quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock valued at $4,997,000 after buying an additional 69,804 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Alarm.com during the 3rd quarter valued at about $1,322,000. XTX Topco Ltd grew its stake in shares of Alarm.com by 15.5% in the 3rd quarter. XTX Topco Ltd now owns 6,529 shares of the software maker’s stock valued at $357,000 after buying an additional 877 shares in the last quarter. Finally, DF Dent & Co. Inc. increased its holdings in Alarm.com by 23.3% in the third quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker’s stock worth $19,648,000 after buying an additional 67,824 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.