Alarm.com (NASDAQ:ALRM) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Alarm.com (NASDAQ:ALRM) from a buy rating to a hold rating in a research note published on Monday morning.

Several other equities analysts also recently commented on ALRM. Jefferies Financial Group initiated coverage on Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price on the stock. 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. Roth Mkm reduced their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. The Goldman Sachs Group raised their price target 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. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a report on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $64.40.

Alarm.com Stock Performance

Shares of ALRM stock opened at $60.95 on Monday. Alarm.com has a 52 week low of $51.87 and a 52 week high of $77.29. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 4.24 and a beta of 0.90. The company has a 50-day simple moving average of $54.95 and a 200 day simple moving average of $61.25. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66.

Insiders Place Their Bets

In other news, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 41,100 shares in the company, valued at $2,540,391. This trade represents 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.

Hedge Funds Weigh In On Alarm.com

A number of institutional investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust grew its stake in shares of Alarm.com by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after buying an additional 183 shares during the last quarter. Arizona State Retirement System increased its holdings in Alarm.com by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after purchasing an additional 232 shares in the last quarter. QRG Capital Management Inc. raised its position in Alarm.com by 4.6% in the second quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock valued at $381,000 after purchasing an additional 266 shares during the last quarter. Nicolet Advisory Services LLC boosted its stake in shares of Alarm.com by 6.0% during the third quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker’s stock valued at $250,000 after purchasing an additional 272 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Alarm.com by 0.3% during the first quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock worth $6,790,000 after purchasing an additional 300 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.