Alarm.com (NASDAQ:ALRM) Given Underweight Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their underweight rating on shares of Alarm.com (NASDAQ:ALRM) in a report published on Monday morning, Marketbeat Ratings reports. They currently have a $50.00 price target on the software maker’s stock, down from their previous price target of $65.00.

ALRM has been the subject of several other research reports. Jefferies Financial Group initiated coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective for the company. The Goldman Sachs Group upped 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. Roth Mkm lowered their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, Barclays upped their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Alarm.com currently has an average rating of “Hold” and an average price target of $64.40.

Alarm.com Stock Performance

NASDAQ ALRM opened at $59.93 on Monday. The company’s 50 day moving average is $54.99 and its 200-day moving average is $61.24. Alarm.com has a 12-month low of $51.87 and a 12-month high of $77.29. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. The firm has a market cap of $2.96 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 4.24 and a beta of 0.90.

Insider Transactions at Alarm.com

In related news, insider Daniel Ramos sold 9,476 shares of the 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 sale, the insider now directly owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This represents a 18.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the sale, the chief financial officer now directly owns 37,500 shares in the company, 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. 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 the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Alarm.com by 6.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,042 shares of the software maker’s stock valued at $604,000 after acquiring an additional 649 shares during the last quarter. Thematics Asset Management lifted its stake in shares of Alarm.com by 8.2% in the 3rd quarter. Thematics Asset Management now owns 79,067 shares of the software maker’s stock worth $4,323,000 after purchasing an additional 6,002 shares during the period. Quantbot Technologies LP raised its stake in Alarm.com by 25.4% during the 3rd quarter. Quantbot Technologies LP now owns 39,059 shares of the software maker’s stock worth $2,135,000 after acquiring an additional 7,918 shares during the period. FMR LLC raised its stake in Alarm.com by 129.0% during the 3rd quarter. FMR LLC now owns 153,865 shares of the software maker’s stock worth $8,412,000 after acquiring an additional 86,683 shares during the period. Finally, Bank of Montreal Can raised its stake in Alarm.com by 18.0% during the 3rd quarter. Bank of Montreal Can now owns 323,133 shares of the software maker’s stock worth $17,879,000 after acquiring an additional 49,403 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

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.