Alarm.com (NASDAQ:ALRM) PT Lowered to $60.00

Alarm.com (NASDAQ:ALRM) had its price objective lowered by Barclays from $72.00 to $60.00 in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has an equal weight rating on the software maker’s stock.

Several other equities analysts have also recently weighed in on ALRM. The Goldman Sachs Group assumed coverage on Alarm.com in a research note on Friday, September 6th. They set a neutral rating and a $64.00 target price on the stock. StockNews.com raised shares of Alarm.com from a hold rating to a buy rating in a research note on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Alarm.com currently has a consensus rating of Hold and a consensus target price of $66.75.

Alarm.com Stock Down 0.2 %

Shares of Alarm.com stock opened at $53.33 on Monday. The stock’s fifty day moving average is $57.38 and its 200-day moving average is $63.43. The firm has a market capitalization of $2.68 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 3.38 and a beta of 0.90. Alarm.com has a 12-month low of $49.70 and a 12-month high of $77.29. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The business had revenue of $233.80 million for the quarter, compared to analyst estimates of $227.35 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Equities analysts anticipate that Alarm.com will post 1.4 earnings per share for the current year.

Insider Activity at Alarm.com

In other news, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction dated 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 owns 41,100 shares in the company, valued at approximately $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 can be accessed through the SEC website. In other news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction that occurred on Friday, August 23rd. The stock was 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value 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 $2,260,125. The trade was a 0.00 % 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 institutional investors have recently made changes to their positions in the business. First PREMIER Bank bought a new stake in shares of Alarm.com in the 1st quarter valued at approximately $30,000. YHB Investment Advisors Inc. bought a new stake in Alarm.com in the first quarter valued at $56,000. Point72 DIFC Ltd raised its stake in Alarm.com by 293.6% during the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after acquiring an additional 1,101 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Alarm.com during the second quarter valued at $108,000. Finally, CWM LLC boosted its stake in shares of Alarm.com by 42.0% in the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after purchasing an additional 618 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

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.