Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives Average Recommendation of “Hold” from Brokerages

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has earned an average rating of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $64.40.

A number of equities analysts recently issued reports on ALRM shares. Jefferies Financial Group began coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. Roth Mkm reduced their target price on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. Finally, Barclays raised their price objective on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th.

Insider Buying and Selling at Alarm.com

In other news, insider Daniel Kerzner sold 32,851 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the sale, the insider now owns 59,668 shares in the company, valued at $3,961,955.20. This represents a 35.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stephen Trundle sold 47,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 252,682 shares of the company’s stock, valued at approximately $17,227,858.76. The trade was a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,976 shares of company stock worth $5,576,490. 5.60% of the stock is owned by insiders.

Institutional Trading of Alarm.com

Institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its position in shares of Alarm.com by 230.6% during the third quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock valued at $20,844,000 after buying an additional 265,936 shares during the last quarter. Bank of Montreal Can lifted its stake in Alarm.com by 2,394.6% during the 2nd quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock valued at $17,406,000 after acquiring an additional 262,757 shares during the period. M&G PLC purchased a new stake in shares of Alarm.com during the 3rd quarter valued at about $9,583,000. Disciplined Growth Investors Inc. MN grew its stake in shares of Alarm.com by 6.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock worth $157,168,000 after acquiring an additional 163,851 shares during the period. Finally, Federated Hermes Inc. raised its holdings in shares of Alarm.com by 1,729.4% during the second quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker’s stock valued at $7,512,000 after purchasing an additional 111,768 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Alarm.com Stock Up 1.0 %

Shares of Alarm.com stock opened at $60.48 on Thursday. The company’s fifty day simple moving average is $62.27 and its two-hundred day simple moving average is $60.60. Alarm.com has a 12-month low of $51.87 and a 12-month high of $77.29. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The company has a market cap of $2.99 billion, a P/E ratio of 26.18, a PEG ratio of 4.08 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.