Alarm.com (NASDAQ:ALRM) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Alarm.com (NASDAQ:ALRM) from a hold rating to a buy rating in a research report report published on Wednesday morning.

A number of other research firms have also recently issued reports on ALRM. Roth Mkm dropped their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Jefferies Financial Group began coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target on the stock. Barclays raised their price target on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $50.00 price objective (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Finally, The Goldman Sachs Group upped their target price on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $64.40.

Alarm.com Stock Performance

Alarm.com stock opened at $62.95 on Wednesday. Alarm.com has a 1-year low of $51.87 and a 1-year high of $77.29. The company’s 50-day moving average is $60.58 and its 200 day moving average is $60.71. The firm has a market capitalization of $3.11 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 4.08 and a beta of 0.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Louisiana State Employees Retirement System grew its stake in Alarm.com by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the software maker’s stock worth $1,608,000 after buying an additional 500 shares during the last quarter. Argent Capital Management LLC raised its position in shares of Alarm.com by 60.0% in the 2nd quarter. Argent Capital Management LLC now owns 4,437 shares of the software maker’s stock valued at $282,000 after purchasing an additional 1,664 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Alarm.com by 15.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker’s stock worth $30,051,000 after purchasing an additional 64,424 shares in the last quarter. nVerses Capital LLC grew its position in Alarm.com by 4,300.0% during the 2nd quarter. nVerses Capital LLC now owns 4,400 shares of the software maker’s stock worth $280,000 after purchasing an additional 4,300 shares during the last quarter. Finally, Versor Investments LP raised its holdings in shares of Alarm.com by 22.6% in the second quarter. Versor Investments LP now owns 14,530 shares of the software maker’s stock worth $923,000 after buying an additional 2,679 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

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.