Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives $64.40 Consensus Price Target from Brokerages

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

A number of research analysts have commented on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Jefferies Financial Group began coverage on Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target on the stock. The Goldman Sachs Group raised their price target on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Roth Mkm cut their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 47,500 shares of Alarm.com stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the sale, the chief executive officer now owns 252,682 shares of the company’s stock, valued at $17,227,858.76. The trade was a 15.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total value of $156,633.75. Following the transaction, the director now owns 5,767 shares in the company, valued at approximately $344,116.89. This trade represents a 31.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,976 shares of company stock valued at $5,576,490 in the last quarter. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Alarm.com

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after purchasing an additional 238 shares during the period. Nicolet Advisory Services LLC increased its position in shares of Alarm.com by 6.0% during the 3rd 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 during the period. Huntington National Bank increased its position in shares of Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after purchasing an additional 367 shares during the period. Quarry LP increased its position in shares of Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after purchasing an additional 525 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after purchasing an additional 539 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Trading Down 1.9 %

NASDAQ:ALRM opened at $61.20 on Monday. 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 business’s 50 day moving average is $63.21 and its two-hundred day moving average is $60.34. Alarm.com has a 52 week low of $51.87 and a 52 week high of $77.29. The company has a market cap of $3.03 billion, a PE ratio of 26.49, a P/E/G ratio of 3.72 and a beta of 0.98.

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.