Alarm.com (NASDAQ:ALRM) Price Target Raised to $67.00

Alarm.com (NASDAQ:ALRM) had its price objective boosted by stock analysts at Barclays from $60.00 to $67.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the software maker’s stock. Barclays‘s price objective points to a potential upside of 5.35% from the company’s previous close.

A number of other brokerages have also weighed in on ALRM. Jefferies Financial Group began coverage on Alarm.com in a research report on Tuesday. They set a “buy” rating and a $65.00 target price for the company. The Goldman Sachs Group lifted their price objective on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday. Roth Mkm dropped their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Alarm.com currently has an average rating of “Hold” and an average price target of $68.40.

Alarm.com Trading Up 11.3 %

ALRM traded up $6.46 on Friday, reaching $63.60. 440,816 shares of the company traded hands, compared to its average volume of 368,771. The company has a market cap of $3.13 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 3.25 and a beta of 0.90. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52. Alarm.com has a one year low of $51.19 and a one year high of $77.29. The firm has a fifty day simple moving average of $54.73 and a two-hundred day simple moving average of $61.39.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.09. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The firm had revenue of $233.80 million during the quarter, compared to the consensus estimate of $227.35 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts expect that Alarm.com will post 1.4 earnings per share for the current year.

Insider Activity

In related 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 transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,260,125. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Ramos sold 9,476 shares of the company’s 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 transaction, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Oakworth Capital Inc. acquired a new position in shares of Alarm.com in the 3rd quarter valued at $38,000. Huntington National Bank increased its holdings in shares of Alarm.com by 52.4% in the third 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. Point72 DIFC Ltd raised its stake in shares of Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after purchasing an additional 1,101 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Alarm.com during the second quarter worth about $108,000. Finally, CWM LLC boosted its position in Alarm.com by 42.0% in the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after buying an additional 618 shares during the last quarter. Hedge funds and other 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.