Barclays Has Lowered Expectations for Alarm.com (NASDAQ:ALRM) Stock Price

Alarm.com (NASDAQ:ALRM) had its target price decreased by Barclays from $67.00 to $60.00 in a research note published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the software maker’s stock.

Separately, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $63.00.

Alarm.com Stock Up 0.3 %

Shares of NASDAQ:ALRM opened at $51.50 on Monday. The company’s fifty day moving average is $57.65 and its two-hundred day moving average is $59.20. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. Alarm.com has a 1-year low of $48.23 and a 1-year high of $71.98. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The business had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. Equities analysts anticipate that Alarm.com will post 1.64 EPS for the current year.

Insider Buying and Selling at Alarm.com

In other news, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the transaction, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,191,875. This represents a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Daniel Kerzner sold 932 shares of Alarm.com stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68. Following the sale, the insider now owns 58,736 shares in the company, valued at approximately $3,259,260.64. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,921 shares of company stock worth $338,727. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alarm.com

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd lifted 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 worth $357,000 after acquiring an additional 877 shares during the period. Barclays PLC increased its stake in shares of Alarm.com by 323.2% during the third quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock valued at $4,997,000 after acquiring an additional 69,804 shares during the period. GAMMA Investing LLC raised its holdings in Alarm.com by 29.5% during the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after purchasing an additional 238 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Alarm.com by 2.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker’s stock worth $23,786,000 after purchasing an additional 9,935 shares during the period. Finally, Argent Capital Management LLC boosted its stake in Alarm.com by 38.6% during the 4th quarter. Argent Capital Management LLC now owns 7,096 shares of the software maker’s stock valued at $431,000 after purchasing an additional 1,975 shares in the last quarter. 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.